ClearValue Team Insights
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NVDA’s Bullish Rebound at $118
NVDA had a strong rejection off the 2.618 fib level around $140, and has dropped around 15% down towards the 2 fib level around $116.35. We are seeing a bullish rebound at $118, which is slightly above the $116.35 target. I think NVDA bulls are strong here and we are likely to see continued upside […]Read More
QQQ Attempting Another Rebound
Yesterday QQQ also had a failed bullish rebound and dropped lower. Today QQQ is attempting another bullish rebound. I think Nvidia is leading the entire stock market so I would monitor Nvidia’s price action especially after the recent 15% correction. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Lost Support at the White Trendline
Yesterday I discussed how SPY formed a bullish rebound off the white trendline. This bullish rebound turned into a rejection with a strong selloff that led to a drop below the white support line around $544. SPY is currently trading around the white trendline, and has been neutral so far today. There is another key […]Read More