After the recovery last ThursdayFriday and today's open, all the Renko charts turned up. I bought a spread of weekly call options expiring Friday:
2065.5 strike for a Premium of $71
2077.5 strike for a Premium of $59
2089.5 strike for a Premium of 46.25
.
The spread is due to feeling confident o a recovery to the 2100ish levels but wanting to leave some room for a Friday afternoon profit taking. The prices are all in the money due to a steady rise in Premium prices this morning. Both Greece and China are getting their acts together. There is a little worry in the markets that profit reporting season will show a lot of overvaluations, but I think the market will handle this. This analysis is as detailed as I am interested in as a reality check for the RENKO charts. I make all my decisión based on the charts and only stand aside when I don't like the trends in the news.
nadexoptionsrenkoS&P 500 (SPX500)

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