Below is the S&P 500 Futures Daily Renko chart. It closed at 4,098.12. That means the cash index is at 4108. The big question is who is buying, or who is not buying. Earlier, I thought 4080 for the Futures, and 4090 for the Cash, would be the top for this wave. Wrong.
The market was overbought, so the retreat appears to be normal. Despite this, the 4,110 support level appeared to be fairly firm. From here, the SP 500 should be able to recover. What a surprise. We had another down day. On the daily Renko chart, the RSI is falling like…
Everything we have talked about investing in this blog is to make it simple and easy. We all have our day jobs. We all have our loved ones to care about. There’s not much time left for us to time the markets and figure out when to buy and sell….
Snapchat is rolling out a newly designed app. The last quarter earnings missed the expectations. The company is struggling to attract new users. Snapchat has been plagued by the criticism that the app is just too difficult to navigate and is not intuitive enough for its users. Things may change…