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

Updated
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: snapshot

We are looking at a ~13% drop from the current price and up to 26% if things get really bad.

Namaste.
Note
First target hit.

snapshot

snapshot
Beyond Technical AnalysisindexrenkoSPX (S&P 500 Index)S&P 500 (SPX500)spx500shortSPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis

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