ClearValue Team Insights
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April 9 S&P 500 Update – Slightly Bullish Price Action Below the White Resistance Line
$SPY is showing some slightly bullish price action below the white resistance line. There is still some room for SPY to trend up, the white resistance line gives a price target around $521.90, and this target will continue to increase since the trendline is sloped upwards. I think traders are on the sidelines still, waiting […]Read More
April 9 NASDAQ Update – Neutral Price Action for QQQ Near the Lows
$QQQ is still showing some neutral price action near the lows of the trading range. I think the S&P has been outperforming the NASDAQ. However, $QQQ could get a spike upwards if we get better than expected CPI and PPI inflation data this week. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreNVDA Lost Support at the White Trendline
$NVDA has lost support at the white trendline, and this white support line has now flipped into resistance. It will be important to see if NVDA can rebound above support over the next few trading days. ChartChamp socials: https://linktr.ee/realchartchamp
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