Below is the S&P 500 Daily Futures Renko chart. At 4081, it looked tired, but still refused to correct. Maybe it is looking to break 4100 and then correct?
Category: Invest
S&P 500 Daily Renko Chart 4/7/2021 – Short Term Target Is Near 4090
Below is the S&P 500 JUNE FUTURES daily chart. Each box is 6 points. On 3/15/2021, the S&P 500 June Futures was at 3954, and the RSI was at 89. It climbed up another 18 points before the correction set in. On 4/2/2021, the index was at 4062, and the…
S&P 500 Daily Parabolic SAR 4/1/2021 – The Projected High Might be 4062 to 4072?
S&P500 broke above 4000 today. Below is the daily chart with the Parabolic SAR indicator. Looking back at the previous 3 times when S&P 500 broke the all time high, we could see a similar pattern. On 12/28/2020, the Parabolic SAR turned green. The high on that day was 3740. …
S&P 500 Hourly FUTURES Renko Chart 4/1/2021 – May Go up Another 20 to 40 Points from 3978
Below is the S&P 500 Futures hourly Renko chart. The RSI is sitting at around 70. Based on the past performance, the index might be able to go up another 20+ points from here depending on the momentum before taking a breather. The projected high looks like somewhere between 3998…
S&P 500 Hourly Renko Chart 3/30/2021 – Building an M or a W?
Below is the S&P hourly Renko chart. It looks very similar to the pattern occurred between 3/11/2021 and 3/15/2021. Is it building a W or an M?