ClearValue Team Insights
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IWM Bearish Weekly Gap Back to Support
IWM has erased all of its gains and dropped back down to the light blue support line around $196.70. IWM is forming a rebound here, and could climb back up if the S&P and NASDAQ continue to rebound and recover. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreSPY Bearish Weekly Gap & Rebound
SPY also opened with a bearish gap lower, and is forming a rebound back up. SPY has dropped to the midrange of the white channel in just three weeks. Right now SPY is rebounding back up, and I have the yellow trendline as a key resistance level to monitor around $529.80. SPY could face a […]Read More
QQQ Bearish Weekly Gap & Rebound
The NASDAQ was down ~ 6% in overnight trading, and QQQ opened with a bearish gap below the yellow trendline. We are seeing a rebound back up today, and I have $432.50 as a key resistance level to monitor for QQQ to climb back into the yellow channel. The price is already above resistance, and […]Read More