Overview This post is all about the Renko chart technical analysis. In this post, you will learn how to use Renko charts for technical analysis in your trading. You will also learn how to use Renko charts to find the direction of a trend, when to enter and leave a trade, and today’s technical analysis… Continue reading This Easy Renko Chart Technical Analysis for SP 500
Category: S&P500
W Pattern Double Bottom Is a Reliable Bullish Trading Signal
Overview After the close of 4/23/2021, the W Double Bottom pattern is visible on both the daily and hourly SP 500 FUTURES Renko charts. However, confirmation is lacking because the index failed to close above the most recent all-time high close, 4176. The W-shaped double bottom might be verified by the end of the week. What’s… Continue reading W Pattern Double Bottom Is a Reliable Bullish Trading Signal
How to Use Renko chart in Technical Analysis 10/01/21
Overview Renko Chart Trading After temporarily dipping below the 4,300 psychological barrier, the S&P 500 $SPX sought to retest the 4,356 and 4,380 resistance levels today. $SPX didn’t quite make it to the 4,260 support mark. It did, however, find some support in the 4,288 area. It was unable to surge above 4,380 and ended… Continue reading How to Use Renko chart in Technical Analysis 10/01/21
How to Make More Money with RSI Using Covered Calls
Overview As part of this post, we’ll take a deeper look at the SP 500 Futures Renko chart, technical analysis, and a simple covered call strategy. For additional information on technical analysis using Renko charts, please see this post, which describes the techniques in further depth. Renko Chart Technical Analysis On the daily Renko chart… Continue reading How to Make More Money with RSI Using Covered Calls
The August 2022 SP 500 & NASDAQ Forecasts Are Now Available
SP 500 & NASDAQ Forecasts The August SP 500 and the NASDAQ forecasts are now available. The SP 500 ended July at 4,130. It soared from its June low in the 3,600s. With the Fed still planning to raise interest rates and the economy showing signs of a recession, it’s not clear if stocks will… Continue reading The August 2022 SP 500 & NASDAQ Forecasts Are Now Available
The July 2022 SP 500 Forecast Is Now Available
SP 500 Forecast The July SP 500 forecast is now available. The S&P 500 closed June at 3,785, down 400 points from the previous month. Inflation fears, supply-and-demand disruptions, and rising oil and commodity prices are pressuring the markets. Since the Fed raised interest rates by 75 basis points on June 15, the chance of… Continue reading The July 2022 SP 500 Forecast Is Now Available
The June 2022 SP 500 Forecast Is Now Available
SP 500 Forecast The June SP 500 forecast is now available. The SP 500 finished at 4132, where it began in early May. Markets are under pressure due to ongoing concerns about inflation, disruptions in supply and demand, and high energy prices. The SP 500 reached nearly 3,800 before reversing. The expectation that the Fed… Continue reading The June 2022 SP 500 Forecast Is Now Available
The May 2022 SP 500 Forecast Is Now Available
SP 500 Forecast The May SP 500 forecast is now available. In response to the Federal Reserve’s decision to raise interest rates in order to combat rising inflation while also warning about the economic impact of Russia’s invasion of Ukraine, the forecast model predicted a slight upward but sideways movement in the market. However, it… Continue reading The May 2022 SP 500 Forecast Is Now Available
The April SP 500 Forecast Is Now Available
SP 500 Forecast The April SP 500 forecast is now available. The forecast model suggested a slight upward but sideways move in the market as the Federal Reserve raises interest rates to combat surging inflation while also warning about the economic impact of Russia’s invasion of Ukraine. However, it predicts lower stock market returns in… Continue reading The April SP 500 Forecast Is Now Available
Renko Charts and the SP 500 Forecast Right Now 1-10-22
Overview Today’s post will cover the current SP 500 forecast, technical analysis of SP 500 Renko charts, the covered call strategy and major support and resistance levels across multiple timeframes. SP 500 Forecast and Charts On January 1, 2022, the most recent forecast for the S & P 500 index was completed. You can find… Continue reading Renko Charts and the SP 500 Forecast Right Now 1-10-22