Overview SP 500 roared today because the weak job numbers will keep the FED on its toes. The easy money policy will continue. I used the SP 500 Futures Renko chart for the forecast and technical analysis today, 5/7/2021. The Renko chart uses a traditional 6-point brick size. 4200 was…
Category: Stocks
SP 500 FUTURES RENKO CHART Technical Analysis 5/6/21
Overview Use the Renko chart technical analysis to determine the current trend, support and resistance for SP 500 FUTURES. What Happened SP 500 Futures spent very much of the day around 4176. However, buyers showed up once again in the last hour and went on a buying frenzy, which sent…
SP 500 FUTURES RENKO CHART Analysis 5/5 – Rebound Wanted
Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today, 5/5/2021. What Happened SP 500 Futures gained some strength from the late rally yesterday. It reached 4178 high during the European session and then moved lower before the U.S. open. Throughout the day, 4176 seemed unbreakable….
SP 500 FUTURES RENKO CHART Analysis 5/4 – Pullback Expected
Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today, 5/4/21. The Renko chart uses a traditional 6-point brick size 4176 has become the resistance 4128 is the next support level Late rally might push the price higher tomorrow What Happened SP 500 Futures began to…
SP 500 FUTURES RENKO CHART Sees 4220 Strong Resistance
Overview What Happened The market gapped higher today and had a very strong start. Tesla spent all day in the red losing 3% or so, but Apple performed well. Dow had a good day and was the strongest of all 3 major indices. NASDAQ was very weak throughout the day….