Overview Technical Analysis and Forecast The SP 500 FUTURES found support at 4,190. It then recovered and reached a high of 4230. The price then fell again, retested the 4,190 level, and rebounded from there. It moved in a zigzag pattern. The technical analysis and forecasts of the Renko chart…
Category: S&P500
SP 500 Technical Analysis and Forecast Renko Chart 6/16/21
Overview Technical Analysis and Forecast The SP 500 FUTURES opened the day at 4251 and then moved into a tight 10-point range until the FED announced its rate decision. The price dropped swiftly and sharply after the announcement. It fell to 4200 before beginning to recoup some of its losses….
SP 500 Technical Analysis and Forecast Renko Chart 6/14/21
Overview Technical Analysis and Forecast Today, the SP 500 FUTURES managed to close at an all-time high. It was in the red for the majority of the day. It miraculously surged higher in the closing hour of trading and closed at a new all-time high. More highs are expected now…
SP 500 Weekly Chart Parabolic SAR Cycle Analysis
Overview Parabolic SAR Cycle Analysis The purpose of this post is to examine the weekly chart of the SP 500 [$SPX] using the Parabolic SAR indicator and Cycles, i.e. Parabolic SAR Cycle Analysis, to see if we can make sense of the SP 500 price patterns and trends. What is…
SP 500 Technical Analysis and Forecast Renko Chart 6/8/21
Overview Technical Analysis and Forecast Since Monday, the SP 500 FUTURES has been trading above 4200 and close to an all-time high. The trading range is rather limited. It falls between a 30-point range of 4206 to 4236. Things are now looking cautiously positive based on the technical analysis and…