Overview SP 500 Futures rebounded sharply today because of the short term oversold situation. In addition, it got the support from the uptrend trendline that connected the two lows, 3246 and 3756. Technology shares were particularly strong and bid up sharply higher after the recent sell-off except Tesla, which continued…
Category: Invest
SP 500 Futures Renko Chart Technical Analysis 5/12/21
Overview SP 500 Futures fell more than 2% today because the CPI numbers shocked the market. The CPI was up 4.2%, which was higher than the 3.6% expected. The more important Core CPI was up 3%, which was higher than the 2.3% expected. The Renko chart technical analysis below was…
SP 500 Futures Renko Chart Technical Analysis 5/10/21
Overview SP 500 Futures fell more than 1% today because the market was overheated recently. The Renko chart technical analysis was used to illustrate the support and resistance zone for SP 500 FUTURES today, 5/10/2021. The Renko chart uses a traditional 6-point brick size. On the upside, 4224 / 4230…
SP 500 FUTURES RENKO CHART Technical Analysis 5/7/21
Overview SP 500 roared today because the weak job numbers will keep the FED on its toes. The easy money policy will continue. I used the SP 500 Futures Renko chart for the forecast and technical analysis today, 5/7/2021. The Renko chart uses a traditional 6-point brick size. 4200 was…
SP 500 FUTURES RENKO CHART Technical Analysis 5/6/21
Overview Use the Renko chart technical analysis to determine the current trend, support and resistance for SP 500 FUTURES. What Happened SP 500 Futures spent very much of the day around 4176. However, buyers showed up once again in the last hour and went on a buying frenzy, which sent…