Based on the S&P 500 FUTURES Daily Renko Chart below, 4116 could be possible, right? On 2/2/2021, S&P Futures reached 3798 high and the RSI was at 71. On 2/15/2021, S&P Futures reached 3942 high and the RSI was at 94.9. It was up 144 points between the 2 highs. On…
Category: Stocks
S&P 500 FUTURES Daily Renko Chart 4/8/2021 – Apparently, I Was Wrong about 4090. It’s a Run-away Train
Below is the S&P 500 Futures Daily Renko chart. It closed at 4,098.12. That means the cash index is at 4108. The big question is who is buying, or who is not buying. Earlier, I thought 4080 for the Futures, and 4090 for the Cash, would be the top for…
S&P 500 Daily FUTURES Renko Chart 4/8/2021 – Still Looked Stretched and Tired at 4090
Below is the S&P 500 Daily Futures Renko chart. At 4081, it looked tired, but still refused to correct. Maybe it is looking to break 4100 and then correct?
S&P 500 Daily Renko Chart 4/7/2021 – Short Term Target Is Near 4090
Below is the S&P 500 JUNE FUTURES daily chart. Each box is 6 points. On 3/15/2021, the S&P 500 June Futures was at 3954, and the RSI was at 89. It climbed up another 18 points before the correction set in. On 4/2/2021, the index was at 4062, and the…
S&P 500 Daily Parabolic SAR 4/1/2021 – The Projected High Might be 4062 to 4072?
S&P500 broke above 4000 today. Below is the daily chart with the Parabolic SAR indicator. Looking back at the previous 3 times when S&P 500 broke the all time high, we could see a similar pattern. On 12/28/2020, the Parabolic SAR turned green. The high on that day was 3740. …