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…
Tag: SP500
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…
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…
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…
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…