Overview Technical Analysis and Forecast The SP 500 FUTURES moved sharply higher after the May job numbers because the tamed numbers eliminated the worry that the FED’s tapering might happen sooner than expected. Based on the Renko chart technical analysis and forecast, things are looking more bullish at the moment….
Category: S&P500
SP 500 Technical Analysis and Forecast Renko Chart 6/3/21
Overview Technical Analysis and Forecast The SP 500 FUTURES fell below 4200 on Thursday; however, it was still confined in a very tight trading range between 4160 and 4200. Tomorrow, we’ll get the May job numbers. Things may get interesting. Based on the Renko chart technical analysis and forecast, things…
SP 500 Technical Analysis and Forecast Renko Chart 6/2/21
Overview Technical Analysis and Forecast The SP 500 FUTURES continued to fluctuate around 4200 on Tuesday and Wednesday. It was still confined in a very tight trading range. Each time it fell below 4200, the buyers came in and pushed it back up above 4200 right away. Based on the…
SP 500 Technical Analysis and Forecast Renko Chart 5/28/21
Overview Technical Analysis and Forecast The SP 500 FUTURES stayed above 4200 on Friday and traded in a very tight range. Based on the Renko chart technical analysis and forecast, things have not changed much since Thursday, 5/27/2021. The Renko chart uses a traditional 6-point brick size. On the upside,…
SP 500 Technical Analysis and Forecast Renko Chart 5/27/21
Overview Technical Analysis and Forecast The SP 500 FUTURES traded lower overnight, but moved sharply higher during the U.S. session. It looks as though it has finally stood firmly above 4200. Based on the Renko chart technical analysis and forecast, things have looked better to the upside. The Renko chart…