RenkoTradingSystem
Oct 18, 10:39 AM
$MAGS System Health Check:
• SPY Gatekeeper (Weekly RSI 51–85): 58.11 - PASS
• SCTR Threshold (≥ 65.0): 88.0 - PASS
• Weekly Renko Trend: Active red brick (
$71.71) following top brick at
$73.13 - DEVELOPING
• Weekly EMA(20): Price well above rising EMA (
$71.71 >
$69.00) - PASS
• Weekly RSI(14): 57.54 (Intact uptrend structure) - PASS
• 195-Min Setup: Pullback in progress (2nd red brick at
$71.71, StochRSI at 0.310 holding above 0.20) - DEVELOPING
• Earnings Date: N/A (ETF structure), but top constituent earnings start Oct 21–28 (TSLA, META, MSFT, GOOGL) - WARNING
Status: DEVELOPING / WATCHLIST
Technical Summary:
MAGS exhibits strong leadership with an 88.0 SCTR and solid weekly support above its 20-EMA (
$69.00). On the 195-minute chart, a pullback is underway with 2 red bricks down from
$73.84. To qualify for entry, StochRSI must complete a full reset (< 0.20) followed by a confirmed 2nd green brick reversal. Be aware that mega-cap constituent earnings hit next week.
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