Apr. 6 at 12:05 PM
Renko Trading System-based read (
$DJT):
$SPY Weekly RSI:
~46 → BELOW 51
➡️ Renko System says: NO new longs
Market Permission:
❌ LONGS NOT ALLOWED
Weekly RSI (
$DJT):
~36 → BELOW 45
➡️ Weak / bearish
Weekly Renko:
Clear downtrend, persistent red bricks, no base yet
195-min:
Small bounce attempt, but still below EMAs → weak structure
Interpretation:
Dead-cat / countertrend bounce inside a larger downtrend
Bottom line (per Renko System rules):
No long positions
❌ Avoid — fails both stock strength AND market filter
