AMEX:SPY   SPDR S&P 500
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Some calling for a "Bottom" Plenty of potential free space below this alleged "Bottom". Korea News.
I have read that somewhere too. It is too soon to call a bottom imho. We might get some respite though. Your chart is showing price at the bottom of a down channel with a new green brick and oversold stochastics. Perhaps it at least do the same as the previous wave up
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Renko is Price based. Time is not an element. Stoch. is simply a confirming indicator. I don't pay to much attention to it. Price is the focus. Along with trend. Cheers.
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