SP 500 Futures Renko Chart Technical Analysis 5/14/21

Overview SP 500 FUTURES continued the strong rebound from the recent low 4030. In 2 days, it has risen 145 points from 4030 to 4176, or 3.6% The buying power was indeed in full force. 4164 / 4176 was expected to be a resistance zone where SP 500 Futures bulls must reclaim in order to… Continue reading SP 500 Futures Renko Chart Technical Analysis 5/14/21

SP 500 Futures Renko Chart Technical Analysis 5/13/21

Overview SP 500 Futures rebounded sharply today because of the short term oversold situation. In addition, it got the support from the uptrend trendline that connected the two lows, 3246 and 3756. Technology shares were particularly strong and bid up sharply higher after the recent sell-off except Tesla, which continued to move lower. Again, the… Continue reading SP 500 Futures Renko Chart Technical Analysis 5/13/21

SP 500 Futures Renko Chart Technical Analysis 5/12/21

Overview SP 500 Futures fell more than 2% today because the CPI numbers shocked the market. The CPI was up 4.2%, which was higher than the 3.6% expected. The more important Core CPI was up 3%, which was higher than the 2.3% expected. The Renko chart technical analysis below was used to illustrate the support… Continue reading SP 500 Futures Renko Chart Technical Analysis 5/12/21

SP 500 Futures Renko Chart Technical Analysis 5/10/21

Overview SP 500 Futures fell more than 1% today because the market was overheated recently. The Renko chart technical analysis was used to illustrate the support and resistance zone for SP 500 FUTURES today, 5/10/2021. The Renko chart uses a traditional 6-point brick size. On the upside, 4224 / 4230 is the resistance zone. On… Continue reading SP 500 Futures Renko Chart Technical Analysis 5/10/21

SP 500 FUTURES RENKO CHART Technical Analysis 5/7/21

Overview SP 500 roared today because the weak job numbers will keep the FED on its toes. The easy money policy will continue. I used the SP 500 Futures Renko chart for the forecast and technical analysis today, 5/7/2021. The Renko chart uses a traditional 6-point brick size. 4200 was cleared today. It closed at… Continue reading SP 500 FUTURES RENKO CHART Technical Analysis 5/7/21

SP 500 FUTURES RENKO CHART Analysis 5/6 – Buyers Wanted

Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today, 5/6/2021. The Renko chart uses a traditional 6-point brick size 4176 was cleared by the fierce late rally in the day . On the upside, 4200 / 4206 is the next hurdle. Given the Dow hit record highs 2 days in… Continue reading SP 500 FUTURES RENKO CHART Analysis 5/6 – Buyers Wanted

SP 500 FUTURES RENKO CHART Analysis 5/5 – Rebound Wanted

Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today, 5/5/2021. The Renko chart uses a traditional 6-point brick size 4176 is the immediate resistance and has been retested since the European session. On the upside, 4200 is the next hurdle should 4176 is cleared. On the downside, 4128 is the… Continue reading SP 500 FUTURES RENKO CHART Analysis 5/5 – Rebound Wanted

SP 500 FUTURES RENKO CHART Analysis 5/4 – Pullback Expected

Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today, 5/4/21. The Renko chart uses a traditional 6-point brick size 4176 has become the resistance 4128 is the next support level Late rally might push the price higher tomorrow What Happened SP 500 Futures began to show weakness right after the… Continue reading SP 500 FUTURES RENKO CHART Analysis 5/4 – Pullback Expected

SP 500 FUTURES RENKO CHART Sees 4220 Strong Resistance

Overview Use SP 500 Futures Renko chart for the forecast and technical analysis today The Renko chart uses a traditional 6-point brick size 4176 remains a strong hold today 4200 seems difficult to crack Major economic data coming this week What Happened The market gapped higher today and had a very strong start. Tesla spent… Continue reading SP 500 FUTURES RENKO CHART Sees 4220 Strong Resistance

SP 500 FUTURES Renko Chart above 4176 Resistance

Overview Not very much has changed since last Friday.  The market sentiment is still cautiously bullish even though more and more people expect the market to correct soon.  In today’s SP 500 Futures Renko char, it is apparent SP 500 Futures closed at a all time high.  It cleared the previous resistance at 4176. In… Continue reading SP 500 FUTURES Renko Chart above 4176 Resistance