SOFI Trending Down to My Buy Target

I have been bearish on SOFI and I gave the yellow trendline as a key price target. It’s taking a lot of time and patience for SOFI to drop, but the price is starting to trend down to the buy target. I have $5.70-$5.80 as my target for buying near the yellow trendline. ChartChamp socials: https://linktr.ee/realchartchamp

MPW Starting to Show Bearish Signs

MPW has been in a bullish uptrend along the yellow trendline. The price action is starting to show some weakness with a drop below the yellow support line. I have the white trendline as a key support level to monitor around $4.60. The light blue trendline remains as a key price target as well, currently […]Read More

TSLA Selloff Despite Musk Pay Package Approval

TSLA shareholders approved Elon Musk’s pay package with roughly 72% of the votes. I think this situation is a bit concerning though because there appears to be division amongst shareholders due to disagreements over decisions such as Elon’s pay package. TSLA pumped from the news, but the price action has ultimately turned into a pump […]Read More

IWM Trading Within a Range

IWM is in a downtrend after another rejection from the red zone. There is support at the light blue trendline around $193-194, and resistance in the red zone. The price is likely to trade within a range between the light blue trendline and red zone. ChartChamp socials: https://linktr.ee/realchartchamp

SPY Drops Below the White Resistance Line

The S&P 500 closed at record highs yesterday, but opened with a slightly bearish gap below the white support line. This week I talked about how the white support line is an important price target to monitor. SPY is attempting to hold above $541, but there are likely to be sellers above the white trendline. […]Read More

QQQ Continues to Rally to New ATHS

Yesterday the NASDAQ and S&P have closed at new all time highs despite a lot of red throughout the markets. QQQ continues to show bullish momentum, and is still rallying at new all time highs. The yellow resistance line is a key price target ahead around $520+. ChartChamp socials: https://linktr.ee/realchartchamp

Dedollarization: Saudi Arabia terminates 80-year petrodollar deal

Saudi Arabia has terminated an 80-year petrodollar deal with the United States. Saudi’s oil sales were exclusively in US dollars, and this deal has recently been terminated on June 9th. Saudi Arabia will use other currencies instead such as the Euro and Russian ruble. The U.S. dollar is likely to get weaker, which is bullish […]Read More

Can the Fed stop a recession?

GME’s Key Price Levels Headed Into Annual Shareholder Meeting

There is a lot of hype surrounding GME’s annual shareholder meeting today. Investors are speculating that RoaringKitty will be elected as a board member. My key price levels to monitor are support around $22 at the white trendline, and resistance around $43 at the green trendline. I think we could see a pump and dump […]Read More