ClearValue Team Insights
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March 12 NASDAQ Update – QQQ Continues Trading Around the Yellow Trendline
The NASDAQ had a similar reaction as the S&P 500, opening with a slight gap higher today despite the worse than expected February inflation data. Despite showing bullishness during pre-market hours, QQQ had a rejection at the yellow trendline. $SPY and $QQQ have climbed back above their respective resistance lines. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 12 S&P 500 Update – SPY Continues Trading Around the White Trendline
February CPI data came in slightly hotter than expected. The market had a very interesting reaction, and was green during pre-market hours despite this hotter than expected inflation data. $SPY opened with a slight gap higher at the white resistance line, and but has been gradually decreasing with a rejection at this resistance line. $SPY […]Read More
March 11 Ethereum Update – Two Rejections and a Bullish Breakout
Over the weekend $ETH had two rejections at the $3,944 resistance level. Yesterday evening ETH managed to have a bullish breakout above resistance. The next key resistance target is $4,619.20. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 11 Bitcoin Update – The Last Defense for BTC Bears at $76k Resistance
$BTC had some volatile price action on Sunday, and late last night BTC manage to have a bullish breakout above the $69k resistance level. This was a potential scenario discussed in the last market update video, and now BTC has the potential to run up to the yellow resistance line at $76k. This yellow resistance […]Read More
USOIL Trending Down, Trading Within the Light Blue Channel
USOIL had some moderately bullish price action in the month of February, and is starting to trend down in March. USOIL is still trading within this light blue resistance channel. The lows of this channel are around $74-75. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSLV Trading Below a Strong 11 Year Resistance Level
$SLV has also started showing some bullishness, but GOLD is definitely outperforming SLV. Currently SLV is trading near an 11 year red resistance line with resistance around $22.50. GOLD had a bullish breakout, I would monitor SLV for a breakout or rejection here as well. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreGOLD At New All Time Highs
$GOLD has been very bullish in the month of March. There has been a bullish breakout above the yellow resistance zone, and GOLD has already formed a bullish breakout above the light blue resistance line as well. GOLD is now at a new all time high, and GOLD’s bullishness should raise some concerns for a […]Read More
TGT Bullish In the Yellow Resistance Zone
$TGT has been very bullish so far this year. There has been a bullish breakout above the light blue resistance line, and TGT has entered a yellow resistance zone. There could be a rejection in this yellow resistance zone and a move down to retest the light blue trendline as support. For now I think […]Read More
NVDA – Potential Support at the $840 BB Midrange
Last Friday $NVDA had a strong rejection at the yellow resistance line, which has been a key price target discussed for the past few weeks since NVDA met very high earnings expectations. NVDA has an $840 support level to monitor for a potential dead cat bounce or rebound. I would keep an eye on this […]Read More
SPY Bullish Gap Higher to All Time Highs
This morning the S&P opened with a bullish gap higher, and is trading at resistance near $565. There have been 6 green consecutive days in a row for the S&P, I’m expecting that streak to break soon and for the sellers to push the price back down. The S&P is approaching its worst performing dates […]Read More
Altcoin Market Starting to Trend Down
As Bitcoin and Ethereum start to flip bearish, the Altcoin market is also starting to trend back down. I have the lower end of the channel around $466.5 billion as a key level of interest. If the crypto market drops in Sept and early October it will be important to see if Bitcoin, Ethereum, and […]Read More
Ethereum Losing Value Relative to Bitcoin
Over the weekend ETH/BTC was trading at the lowest level in four years, which implies that Ethereum continues to show weakness and lose value relative to Bitcoin. ETH is trading near support at $2,307.58, but is showing some concerning bearish price action here. There is strong sell pressure into support, and ETH will have to […]Read More