ClearValue Team Insights
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SPY Retesting Support at $500 Again
Yesterday’s selloff has caused SPY to drop back down to $500 again. There is support building up at this $500 support level headed into today’s FOMC announcement. Powell’s speech will be very important for influencing the market sentiment. This is important because investors are confused and worried about the direction of the U.S. and global […]Read More
BIIB 50% Swing Trade Setup
BIIB is forming a bullish rebound in the buy zone. I think there could be a 50%+ rally towards the yellow trendline over the next few months. TrendSpider’s seasonality index is bullish between May and August. Entry price: SL: Exit price: Biogen Inc. (BIIB) Financials Leqembi’s Growth: Biogen’s Alzheimer’s therapy, Leqembi, has experienced a significant uptick […]Read More
QQQ Stalling Around $432 Headed Into FOMC
There is also neutral price action for QQQ around $431-432. I think today’s price action will be pretty boring and investors are bracing for some volatility tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
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