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Overview What Happened The market gapped higher today and had a very strong start. Tesla spent all day in the red losing 3% or so, but Apple performed well. Dow had a good day and was the strongest of all 3 major indices. NASDAQ was very weak throughout the day….
Overview Renko Chart Trading The previous high of the SP 500 FUTURES at 4,470 proved to be the immediate support that propelled the futures higher on Friday. In addition, the Fed chairman’s Jackson Hole speech reinforced the notion that reducing bond purchases would be reasonable by the end of the…
The strength from the NASDAQ & Dow helped the S&P 500 jump above 3900 today, but closed at 3875 in the end. It’s really at the cross road. The index is still below the purple trendline from the 10/30/2020 low. However, the index is confined within the green trendline from…