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?
Related Posts
SP 500 Forecast Today and Renko Chart Trading 11/12/21
Overview SP 500 Forecast Today and Renko Chart Trading The all-time closing price on the Renko daily chart is currently at 4,692, despite the fact that the all-time high is 4,718. The recent retracement recorded a low near the 4,630 mark, and the S&P 500 was able to bounce back…
Is It Just a Matter of Time for Stocks to Go Badly?
Technically, it does look like the time for stocks to go south is near. It is just a matter of when. From the PE perspective, the current PE is much higher than the ones in 2000 and in 2008 when the stock market bubbles burst. Maybe are we in such…
SP 500 Futures Renko Chart Technical Analysis 5/19/21
Overview SP 500 FUTURES was unable to break above the strong resistance level at 4176 and fell below the important support zone, 4128 / 4110, decidedly yesterday. The selling pressure continued today. It reached as low as 4056 before it bounced off the low. It did break below the uptrend…