ClearValue Team Insights
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SPY Opens with a Bearish Gap Lower
SPY had a bearish daily candle open today after a strong selloff from META. Although META had a double beat for the earnings announcement, investors started selling off when META set low guidance for next quarter. Today there is even more bearish news with Q1 GDP and Core PCE Inflation data coming in worse than […]Read More
QQQ Trending Up Towards the Red Resistance Line
QQQ had a strong rebound as well, and is starting to trend up towards the red resistance line. $446.09 will be a key resistance target to monitor on the way up to see if QQQ continues to rally. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Rebounds as Mag 7 Reports Earnings
Last week I discussed that SPY is likely to rebound around $500 price levels. The price dipped slightly below my target, but SPY did have a strong rebound around $500. The price has been trending up, but is starting to stall a bit today. The top companies including META and MSFT are reporting earnings this […]Read More