SPX Renko Chart = Bearish (~13% to 26% Potential Drop)

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.

Kommentera:

First target hit.