Below is the S&P 500 Futures hourly Renko chart. The RSI is sitting at around 70. Based on the past performance, the index might be able to go up another 20+ points from here depending on the momentum before taking a breather. The projected high looks like somewhere between 3998…
Category: Stocks
S&P 500 Hourly Renko Chart 3/30/2021 – Building an M or a W?
Below is the S&P hourly Renko chart. It looks very similar to the pattern occurred between 3/11/2021 and 3/15/2021. Is it building a W or an M?
S&P 500 Daily Chart & the Parabolic SAR Analysis 3/27/2021 – Decidedly Moved Higher Again
Dramatically, S&P 500 led the way on Friday and closed 1.66% higher. In fact, yesterday’s close was a all-time-high close at 3974.54; 0.42 points higher than the close, 3974.12, on 3/17/2021. The Parabolic SAR indicator is currently at 3981.28. It is very likely the trend will change again and become…
S&P 500 Daily Chart & the Parabolic SAR Analysis 3/24/2021 – Make or Break
S&P 500 could not have closed at a better spot. It closed right on the uptrend trendline. 3889, the closing price vs 3885, the Parabolic SAR. What’s going to happen next?
Uptrend Trendline Held Could Propel SP 500 Higher
Overview SP 500 continued to climb upwards. The uptrend trendline extending from 2191 to 3233 provided a solid support today. What’s Next One thing to note is the Parabolic SAR indicator is currently at 3857. The index is currently at 3942. Tomorrow, the Parabolic SAR will probably be at 3870 or…