Description
⋅ The Renko chart for the S&P 500 Index (SPX) is now showing a sell signal.
This charting system is used exclusively to spot a trend.
We have the same candle pattern as back in February 2020 before a major correction.
This pattern came up again January 2022.
We can also draw the classic ABC EW correction here:
We are looking at a ~13% drop from the current price and up to 26% if things get really bad.
Namaste.