ClearValue Team Insights
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IWM is Neutral in the White Zone
IWM was initially showing signs of a bullish rebound within the white zone, but has lost its bullish momentum. The price action looks neutral and slightly bearish here, and I would like to see a rebound forming this week. Most charts look neutral as investors are waiting for the CPI data announcement tomorrow. I think […]Read More
QQQ Rebounds from Key Support Zone
QQQ has also rebounded from the green support zone, and looks slightly bullish as we approach tomorrow’s August CPI data. I have the yellow trendline as my first key resistance target around $468.50 to monitor for a break or rejection. For those of you wondering about shorting the market, I prefer to look for shorts […]Read More
NVDA is Neutral Headed Into Aug CPI Announcement
I think tomorrow we are likely to receive strong August CPI numbers that will drive some bullish sentiment and lead a short-term bullish rally. NVDA has formed a bullish rebound around $102, and continues to trade near $105 support. I think NVDA is neutral and slightly bullish here, trading sideways around $105 as we approach […]Read More