ClearValue Team Insights
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March 12 NASDAQ Update – QQQ Continues Trading Around the Yellow Trendline
The NASDAQ had a similar reaction as the S&P 500, opening with a slight gap higher today despite the worse than expected February inflation data. Despite showing bullishness during pre-market hours, QQQ had a rejection at the yellow trendline. $SPY and $QQQ have climbed back above their respective resistance lines. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 12 S&P 500 Update – SPY Continues Trading Around the White Trendline
February CPI data came in slightly hotter than expected. The market had a very interesting reaction, and was green during pre-market hours despite this hotter than expected inflation data. $SPY opened with a slight gap higher at the white resistance line, and but has been gradually decreasing with a rejection at this resistance line. $SPY […]Read More
TGT Bullish In the Yellow Resistance Zone
$TGT has been very bullish so far this year. There has been a bullish breakout above the light blue resistance line, and TGT has entered a yellow resistance zone. There could be a rejection in this yellow resistance zone and a move down to retest the light blue trendline as support. For now I think […]Read More
NVDA – Potential Support at the $840 BB Midrange
Last Friday $NVDA had a strong rejection at the yellow resistance line, which has been a key price target discussed for the past few weeks since NVDA met very high earnings expectations. NVDA has an $840 support level to monitor for a potential dead cat bounce or rebound. I would keep an eye on this […]Read More
March 11 S&P 500 Update – Gap Lower Below Resistance
The S&P 500 also had a bearish weekly open with a lower gap, and this gap is below the white resistance line again. The March monthly candle is still green for $SPY, and there is plenty of time and price action before the March monthly candle closes. There is resistance around $512.77 to monitor. ChartChamp […]Read More
March 11 NASDAQ Update – Gap Lower Below Resistance
The NASDAQ had a bearish weekly open with a lower gap, and this gap is below the yellow trendline again. This trendline is also acting as short-term resistance. The March monthly candle has also turned red, but there is plenty of time and price action before the March monthly candle closes. ChartChamp socials: https://linktr.ee/realchartchamp
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Summary of Fed Chair Powell’s March 6 Testimony
Key Takeaways: ChartChamp’s Analysis: ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreNRDS Approaching the $17.66 Sell Target
NRDS had a very impressive rally from the buy zone up to the red resistance line. There has been a lot of shady price action along the way, and I think NRDS is an extremely manipulated stock with insider trading. Some of the older members will remember the price suddenly dropping from $9 to $7 […]Read More
CVX is Neutral With Two Key Price Levels to Monitor
$CVX has lost support at the light blue resistance line, and this light blue trendline has flipped into resistance. CVX is trading above a yellow support level at $131.47. There is neutral price action here, and I think CVX doesn’t have a clear direction for now. I would look for buy opportunities at or below […]Read More
ASTS Trading Near Resistance
ASTS had an incredible rally from $1.85 to $36, but the price is starting to face resistance between $29.75 and $36.20. Right now ASTS is trading near the lower end of this resistance zone around $29.75, and I would monitor for a rejection here. The price could start to break down lower over time. Follow […]Read More
NASDAQ Likely to Retest $17,500
The NASDAQ has formed a strong overshoot above a key resistance level, and I think there is a strong narrative for a melt up in the stock market. However, I think both the bullish and bearish narrative would have some downside over the next few weeks. I can see NDX dropping to around $17,500 to […]Read More
SQQQ Rebounds from $8.18 Support Level
SQQQ has formed a bullish rebound off the $8.18 support level last week, and is starting to spike back up again today. The sentiment has also tipped in favor of a 50 bps cut, which is a bearish sign that the Fed is likely too late with cutting rates. September has been extremely volatile so […]Read More