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
April 10 Ethereum Update – ETH Rejected at the Light Blue Zone
$ETH was showing a lot of bullishness in the light blue zone with an attempted breakout, but ultimately failed to break through the light blue zone. I think there will be a rebound and another attempt to break through the light blue zone over the next few days and weeks. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreApril 10 Bitcoin Update – BTC Lost Multiple Support Levels
$BTC has lost multiple support levels after a strong rejection from the light blue resistance zone. The orange support line, red zone, and yellow support level all failed to hold. The green support level is the next key price target on the way down, but I think BTC bulls are likely to buy this dip […]Read More
US Treasury Yields Spike After Latest Inflation Report
The recent US consumer price index (CPI) report has had a significant impact on the financial markets, particularly on US Treasury yields, highlighting the persistent nature of inflation. Following the report, the yield on the 10-year US Treasury saw a notable increase, reaching 4.56% after the auction of $39 billion in Treasury notes, up from […]Read More
Understanding the Recent Surge in Oil Prices
In recent weeks, the oil market has witnessed a notable increase in prices, driven by geopolitical tensions and concerns over supply constraints. This uptick, marked by a more than 20 percent rise since mid-December, with a significant jump of over 10 percent in the past month to around $90 per barrel of Brent crude oil, […]Read More
SLV’s Bullish Breakout Above 13-Year Resistance Line
Silver Price Update On April 10, 2024, the price of silver opened at $28.01 per ounce, marking a slight decrease of 0.29% from the previous day. Despite this daily fluctuation, silver has seen a significant uptick of 17.06% since the start of the year. Throughout the past 24 hours, silver prices have varied, reaching a […]Read More
Why gold prices are at record highs
The Surge in Gold PricesIn recent times, the allure of gold has captivated a diverse audience, from central banks to everyday consumers, driving the price of this precious metal to unprecedented heights. On Tuesday, the spot price of gold reached $2,364 per ounce, marking a significant increase after seven consecutive sessions of record highs, with […]Read More
Federal Court Rules Crypto Mining Devices as Securities
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has once again turned its regulatory focus toward crypto-related businesses. In its latest move, the SEC declared that crypto mining devices, specifically mining ‘boxes,’ are classified as securities. This designation was reinforced by a federal court ruling that sided with […]Read More
Crypto-Stocks Correlation Surges to 67%, Driven by Growing Risk Appetite
The correlation between cryptocurrencies and U.S. stocks has surged to 67%, marking the second-highest level on record, according to a recent report from Bloomberg. This level is only surpassed by the 72% correlation seen in the second quarter of 2022, signifying a significant shift in market behavior. A Spike in Crypto InflowsRecent data indicates that […]Read More
The Altcoin Market Hit Resistance
Yesterday the Altcoin market reached the upper range of this yellow channel, and formed a brief pullback due to resistance. The price is still near resistance, and I think there will be more attempts to form a bullish breakout. There was a brief wick above the $622 billion resistance level, and over the next few […]Read More