ClearValue Team Insights
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April 11 S&P 500 Update – SPY is Neutral in the Light Blue Channel
$SPY has been trading sideways in the light blue channel for the past 3 days. Bulls are doing a great job holding this price level, and I think SPY could trend up over the next few trading days. We’ll see how the weekly candle close looks tomorrow, for now I think the price action is […]Read More
April 10 NASDAQ Update – QQQ Held Near the Local Lows
While the market has dropped, $QQQ has held up surprisingly well with little change. The price is still trading near the local lows, and I think QQQ could start to trend up if we get some positive data tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreApril 10 S&P Update – SPY Drops to the Light Blue Zone
The markets are having a bearish reaction to the worse than expected CPI data, but there is still hope for tomorrow’s PPI and jobs data. SPY has dropped into the light blue channel, between $508 and $517. I think a rebound could form here, and tomorrow’s data will be important for determining whether the markets […]Read More