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 […]
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 […]
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 […]
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 […]