Get started
Simple_Renko

Stay Long SPX500 until the Flip!

Long
S&P 500 Index (FX:SPX500)  
Simple_Renko Updated   
FX:SPX500   S&P 500 Index
Supply and Demand Support and Resistance Trend Lines
1
0
supplyanddemand supportandresistance trendline
See callout bubbles and text. Yes, we've been in a bull trend for many years now, but until overall sentiment on SPX500 flips, do not try to go short. You will probably get burned. (Unless you are aggressively taking profit!) I hope this helps anyone who may come across it!
Comment:
Mr. Market soldoff right into our first demand area and took a nice bounce. Beware trying to Short this market!

Stay with the trend until sentiment on SPX500 flips. Volatility at all-time lows. This beast can flip at a moment's notice.

Always measure your risk and be okay with being wrong ; )
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***

Thank you for your support!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.