ClearValue Team Insights
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SQQQ Facing Resistance Around $9
SQQQ closed red yesterday, and is also trending for a red day today. I think the price is trading near resistance around $9.09. All eyes should be on NVDA to see if the rebound is successful. If NVDA climbs back up, SQQQ is likely to experience some downside. The markets have been very volatile lately […]Read More
NVDA Starting to Rebound
NVDA attempted to form a bullish rebound yesterday, but the price ended up wicking back down with little gains throughout the day. However, NVDA continues to form a bullish rebound today, and is showing some strength again. There is a very strong correlation between NVDA with the NASDAQ and S&P. I think NVDA’s rebound is […]Read More
U.S. Steel Corp. ($X) Plummets to Support Level
U.S. Steel Corp.’s stock fell more than 17% today after reports that President Joe Biden plans to prevent the company from merging with Japan’s Nippon Steel due to national security concerns. X is trading near a key yellow support level, and X could bottom out around $26.90. The price has dropped sharply so I would […]Read More