Below is the S&P 500 Futures Daily Renko chart. No changes. Currently, the RSI is 95 when the Price is 4128. If today is another up day, it’s simply pushing the RSI higher.
On the hourly Renko chart, it is very obvious that the price and the RSI have diverged.
If you start investing in the 401(k) when you are 22, you can certainly become a millionaire after you retire at 65. Invest 10% of your salary, $35k, into a 401(k), and that is $3,500 annually. That is just $134 per paycheck, assuming you get paid every 2 weeks. You’ll…
As I guide you through the market landscape from September 11, 2023, to December 8, 2023, it’s evident that we’ve witnessed a resilient S&P 500, marked by upward trends and occasional corrections. Key Takeaways 1. S&P 500 exhibits positive trends and corrections. 2. Current stability aligns with the 50 EMA….
Why didn’t I buy Netflix when it was about $90 a share last February? I was afraid. The experts were really questioning its ability to increase its subscribers. Look at it now. The stock price is almost doubled. Its newly added subscriber numbers crashed the wall street estimates this quarter….