ClearValue Team Insights
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S&P, NASDAQ Continue to Rebound as BOJ Avoids Rate Hikes
Yesterday evening the Bank of Japan announced that they will not hike rates, which is helping to avoid a larger financial crisis in the short term. The stock market continues to recover, SPY and QQQ are having a strong rebound throughout the week. QQQ is approaching a resistance level around $454, SPY still has room […]Read More
Rebound for S&P and NASDAQ Starts to Lose Momentum
There was a very strong rebound for the S&P and NASDAQ after forming an extremely bearish weekly gap lower. The dip was quickly bought up, and the S&P and NASDAQ rallied back up yesterday. Today the momentum has slowed down, but there is still a rebound in progress. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreIWM and Small Caps Lose Their Bullish Momentum
Similar story for IWM and small caps today. They were forming a strong bullish rebound yesterday, and this bullish momentum has significantly slowed down today. There is still a rebound in progress though, IWM needs to break back above $210.44 to rally. Follow me on social media: https://linktr.ee/realchartchamp
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