SPDR S&P 500 (SPY)

[leftyg]

Eddie...I am reluctant to speak too much here because I have found there are those waiting in the weeds to ridicule when the inevitable whipsaw occurs.

I just love the renko charts because they do for me what I have laboriously done for years using P&F boxes. If you are interested in trend trading, I don't think they can be beaten..but you should study them a long while, in order to see the opportunities and pitfalls.. and be creative in minimizing the whips.

One thing you may notice as you work on minimizing whips is..the day to day swings are very large, compared to 10 years ago..for instance. Monday may be hugely down..Tues and Wed recover most of that..Thurs flat..and Friday way down.
Day to day you might be whipped......on a weekly chart, those daily moves cancel out to a degree, and the primary trend remains visible. regards.