Below is the S&P 500 Futures Daily Renko chart. No changes. Currently, the RSI is 95 when the Price is 4128. If today is another up day, it’s simply pushing the RSI higher. On the hourly Renko chart, it is very obvious that the price and the RSI have diverged.
Category: Invest
S&P 500 Weekly Parabolic SAR Chart 4/14/2021 – 6 Months up and More? What a Rosy Picture for Us All.
The weekly Parabolic SAR turned bullish on the week of 10/20/2020. By 4/20/2021, it will have accomplished an incredible uptrend for 6 months without any major correction. This morning, Goldman Sachs delivered the mind blowing quarterly results. The futures of the 3 major indices are up. JetBlue got upgraded. Its…
S&P 500 FUTURES Daily Renko Chart 4/13/2021 – Sky Is the Limit. The Index Will Never Fall Again. Ever.
Below is the S&P 500 Futures Daily Renko chart. RSI = 95. Price = 4130. Yet, another up day. Analysts are coming out and saying the stock valuation may be too low because the earnings are too strong. One analyst says Amazon is way under valued. It is worth $5,000…
S&P 500 FUTURES Daily Renko Chart 4/8/2021 – Could Reach 4116
Based on the S&P 500 FUTURES Daily Renko Chart below, 4116 could be possible, right? On 2/2/2021, S&P Futures reached 3798 high and the RSI was at 71. On 2/15/2021, S&P Futures reached 3942 high and the RSI was at 94.9. It was up 144 points between the 2 highs. On…
S&P 500 FUTURES Daily Renko Chart 4/8/2021 – Apparently, I Was Wrong about 4090. It’s a Run-away Train
Below is the S&P 500 Futures Daily Renko chart. It closed at 4,098.12. That means the cash index is at 4108. The big question is who is buying, or who is not buying. Earlier, I thought 4080 for the Futures, and 4090 for the Cash, would be the top for…