Bulls Control S&P...according to renko

According to the renko chart, no change to my bullish thesis that I have outlined consistently. If the average true range continues to moderate lower, the 13 month will come into focus but at this point, the downtrend has not really been anything dramatic at this point, in renko terms. If the ATR rolls over the 1000 level, the momentum has confirmed to the downside and I will become a bit more concerned. At this point though, given the strong position of the Trender (which I will post next), the bulls still hold the ball.
"