SPX500

waiting.....until it runs out the steam ^_^
Note:
this is not a trading suggestion.

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The daily Renko shows that spx still hasn't run out the energy yet.

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The daily Renko shows a downside pressure. Expect it would be sideways before November.

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The pattern of weekly candles looks bearish. But the last candle is on a support.

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the daily cloud has been broken by the daily candle. if the candle closes below 2120 ~ 2122 on Monday, likely spx would go test 2100 before Wednesday/Thursday. let's wait and see if there is a confirmation.

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the daily cloud still holds those candles on the weekly. 2120~ 2122 looks like a support. many "blue-chip" companies will release the ERs this week. Let's see if spx could break 215x.

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the daily Renko update

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just in case, you'd like to see the 4H chart. :)

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on the daily chart, the down trend has been extended. notice RSI is lower than 30% now. hope your short works well :)

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spx has been in a nice bullish trend after 208x in the early Nov. expect it would test 219x before Thanksgiving.

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after a few months, spx finally reached 2214.90. let's see how Italian referendum and FOMC will be unfolded.

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