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…
Tag: Trendline
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…
SP 500 Renko Chart Trading and Technical Analysis 9/30/21
Overview Renko Chart Trading The S&P 500 $SPX had another chance to retest the 4,380 resistance level today, but it failed. It was unable to rise beyond 4,380 and finished the day in the red. According to Renko chart trading patterns and technical analysis, the ascending trendline running from 3270…