Overview Renko Chart Trading After 4,300 provided much-needed support for $SPX and 4,356 was regained, bulls appear to have the upper hand presently. For the time being, the battleground is located between 4,380 and 4,420. $SPX was unable to close above 4,404, making it appear difficult to overcome. According to…
Category: Stocks
SP 500 Renko Chart Trading and Technical Analysis 10/05/21
Overview Renko Chart Trading For the time being, 4,300 provided much-needed support for $SPX, which was able to rally from there. It gained 70 points today before settling at 4,345 at the close. $SPX was forced down below the other resistance level of 4,356 after failing to get near to…
SP 500 Renko Chart Trading and Technical Analysis 10/04/21
Overview Renko Chart Trading As feared, 4,380 proved to be an insurmountable barrier, and 4,356 was unable to halt the descent. The S&P 500 index has recovered after briefly falling below the psychological barrier of 4,300. The $SPX ended the day in the red, closing near the psychological level of…
SP 500 Renko Chart Trading and Technical Analysis 9/30/21
Overview Renko Chart Trading The S&P 500 $SPX had another chance to retest the 4,380 resistance level today, but it failed. It was unable to rise beyond 4,380 and finished the day in the red. According to Renko chart trading patterns and technical analysis, the ascending trendline running from 3270…
SP 500 Renko Chart Trading and Technical Analysis 9/22/21
Overview Renko Chart Trading Today, the SP 500 $SPX had a chance to retest some resistance levels, including 4,380, 4404, and 4,422, but 4,404 proved to be a difficult resistance level to overcome on the first attempt. It couldn’t hold on to its gains and concluded the day below the 4,400…