SP 500 Technical Analysis and Forecast Renko Chart 6/14/21

Overview Technical Analysis and Forecast Today, the SP 500 FUTURES managed to close at an all-time high. It was in the red for the majority of the day. It miraculously surged higher in the closing hour of trading and closed at a new all-time high. More highs are expected now that it has surpassed the… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/14/21

SP 500 Weekly Chart Parabolic SAR Cycle Analysis

Overview Parabolic SAR Cycle Analysis The purpose of this post is to examine the weekly chart of the SP 500 [$SPX] using the Parabolic SAR indicator and Cycles, i.e. Parabolic SAR Cycle Analysis, to see if we can make sense of the SP 500 price patterns and trends. What is Parabolic SAR? The Parabolic SAR… Continue reading SP 500 Weekly Chart Parabolic SAR Cycle Analysis

SP 500 Technical Analysis and Forecast Renko Chart 6/8/21

Overview Technical Analysis and Forecast Since Monday, the SP 500 FUTURES has been trading above 4200 and close to an all-time high. The trading range is rather limited. It falls between a 30-point range of 4206 to 4236. Things are now looking cautiously positive based on the technical analysis and forecast of the Renko chart.… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/8/21

SP 500 Technical Analysis and Forecast Renko Chart 6/4/21

Overview Technical Analysis and Forecast The SP 500 FUTURES moved sharply higher after the May job numbers because the tamed numbers eliminated the worry that the FED’s tapering might happen sooner than expected. Based on the Renko chart technical analysis and forecast, things are looking more bullish at the moment. The Renko chart uses a… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/4/21

SP 500 Technical Analysis and Forecast Renko Chart 6/3/21

Overview Technical Analysis and Forecast The SP 500 FUTURES fell below 4200 on Thursday; however, it was still confined in a very tight trading range between 4160 and 4200. Tomorrow, we’ll get the May job numbers. Things may get interesting. Based on the Renko chart technical analysis and forecast, things have not changed much since… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/3/21

SP 500 Technical Analysis and Forecast Renko Chart 6/2/21

Overview Technical Analysis and Forecast The SP 500 FUTURES continued to fluctuate around 4200 on Tuesday and Wednesday. It was still confined in a very tight trading range. Each time it fell below 4200, the buyers came in and pushed it back up above 4200 right away. Based on the Renko chart technical analysis and… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 6/2/21

SP 500 Technical Analysis and Forecast Renko Chart 5/28/21

Overview Technical Analysis and Forecast The SP 500 FUTURES stayed above 4200 on Friday and traded in a very tight range. Based on the Renko chart technical analysis and forecast, things have not changed much since Thursday, 5/27/2021. The Renko chart uses a traditional 6-point brick size. On the upside, 4224 / 4230 is the… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 5/28/21

SP 500 Technical Analysis and Forecast Renko Chart 5/27/21

Overview Technical Analysis and Forecast The SP 500 FUTURES traded lower overnight, but moved sharply higher during the U.S. session. It looks as though it has finally stood firmly above 4200. Based on the Renko chart technical analysis and forecast, things have looked better to the upside. The Renko chart uses a traditional 6-point brick… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 5/27/21

SP 500 Technical Analysis and Forecast Renko Chart 5/26/21

Overview Technical Analysis and Forecast The SP 500 FUTURES traded in a narrow range today. Neither the bulls nor the bears wanted to make a move. It was confined between 4180 and 4204. The immediate resistance 4200 needs to be broken in order for the bulls to push the price higher. After 4200, 4230 will… Continue reading SP 500 Technical Analysis and Forecast Renko Chart 5/26/21

SP 500 Futures Renko Chart Technical Analysis 5/24/21

Overview Renko Chart Technical Analysis SP 500 FUTURES traded below the strong resistance level, 4176, during the overnight sessions. Shortly after the U.S. open, the bulls pushed it higher. It firmly stood above 4176 and then raced toward the next resistance level, 4200. It closed slightly below 4200; however, there is a very good chance… Continue reading SP 500 Futures Renko Chart Technical Analysis 5/24/21