We ran the numbers based on the index’s closing price of 4,348 on Friday, June 23, to project its future performance. Our model has not changed its prior prediction of a flat to slightly upward-moving S&P 500. Inflation and interest rates remain key market catalysts, with the consumer price index…
Category: S&P500
Investors. Buckle Up, It’s Going to Be a Wild Ride
The stock market is always changing, but the most recent S&P 500 forecast has finally arrived. What we know thus far is as follows: Even though the latest S&P 500 projection calls for some volatility in the next few months, investors shouldn’t let fear dictate their actions; instead, they should…
How to Make Sense of the Market Now Using Renko Charts
Contents Overview For this article, we analyzed how the stock market did on February 21st, 2023. Weak retail sales and rising interest rates led to a sharp drop in the market. The S&P 500 Renko chart and underlying market conditions were then evaluated. In conclusion, it provided ideas for the…
This Easy Renko Chart Technical Analysis for SP 500
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…
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…
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…
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…
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…
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 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…