SPDR S&P 500 (SPY)

[Fox13]

2Bit, I agree with you: a fast chart should not give entry signals for a “swing” multi-day trade, but it could give us some interesting informations about critical levels. Here is a really fast one : ”0.1 tick RENKO”. On it one can determine the “ RENKO interface lines“. Such lines appear in previously congested zones and could be defined as follows: 2 points for every reversal brick + 1 point for every green/red or red/green transition. The more points you get, the higher the P that that level can be a resistance or a support. 4 such levels are presented on the chart below. Which one is the best?