SP 500 Renko Chart Trading and Technical Analysis 10/19/21

Overview Renko Chart Trading $SPX has pushed higher and is now within striking distance of the all-time close of 4,536. $SPX reclaimed the 4,500 region with ease after breaking through a critical barrier near 4,476. According to Renko chart trading patterns and technical analysis, higher highs are expected once the all-time high has been cleared.… Continue reading SP 500 Renko Chart Trading and Technical Analysis 10/19/21

SP 500 Renko Chart Trading and Technical Analysis 10/15/21

Overview Renko Chart Trading $SPX retested the support level near 4,320 after 4,300 offered much-needed support, and it was able to regain its footing and reverse upwards. The closing above the main support level of 4,356 confirmed the formation of a short-term bottom. The Bulls appear to have the upper hand at the moment. After… Continue reading SP 500 Renko Chart Trading and Technical Analysis 10/15/21

SP 500 Renko Chart Trading and Technical Analysis 10/08/21

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 Renko chart trading patterns and… Continue reading SP 500 Renko Chart Trading and Technical Analysis 10/08/21

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 the resistance level of 4,380.… Continue reading SP 500 Renko Chart Trading and Technical Analysis 10/05/21

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 4,300. The $SPX failed to… Continue reading SP 500 Renko Chart Trading and Technical Analysis 10/04/21

SP 500 Renko Chart Trading and Technical Analysis 10/01/21

Overview Renko Chart Trading After temporarily dipping below the 4,300 psychological barrier, the S&P 500 $SPX sought to retest the 4,356 and 4,380 resistance levels today. $SPX didn’t quite make it to the 4,260 support mark. It did, however, find some support in the 4,288 area. It was unable to surge above 4,380 and ended… Continue reading SP 500 Renko Chart Trading and Technical Analysis 10/01/21

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 to 3774 has been broken.… Continue reading SP 500 Renko Chart Trading and Technical Analysis 9/30/21

Use Renko Chart for Profitable Trading and Investing

What is a Renko chart and how does it work? Renko charts are a type of trading chart that eliminates minor price fluctuations, allowing traders to concentrate on the big picture. They’re comprised of Renko bricks that move at a 45-degree angle to each other up and down. A Renko chart’s brick size, which controls… Continue reading Use Renko Chart for Profitable Trading and Investing

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 mark. According to Renko chart… Continue reading SP 500 Renko Chart Trading and Technical Analysis 9/22/21

SP 500 Renko Chart Trading and Technical Analysis 9/21/21

Overview Renko Chart Trading Today, I’m switching to $SPX. The SP 500 $SPX had a good start today, but it couldn’t hold on to its gains. The day ended up being a flop. The ascending trendline extending from 3270 to 3774 has been broken, according to Renko chart trading patterns and technical analysis. The bullish… Continue reading SP 500 Renko Chart Trading and Technical Analysis 9/21/21