ClearValue Team Insights
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QQQ Facing Resistance at the 0.618 Fib Level
The NASDAQ has been leading the stock market rally, and QQQ is showing more strength relative to SPY. QQQ is currently approaching an important 0.618 fibonacci level at $477.97. There is likely to be some resistance here, and we are likely to see a short-term pullback. $517.92 is the next key price to monitor if […]Read More
SPY Holding Above the White Resistance Line
SPY formed a bullish breakout above the red resistance line, and is currently trading above the white resistance line around $541.31. SPY is trying to build some support here, but we have seen SPY struggle to remain above this price level. I would monitor to see if SPY holds above $541.31 before starting to rally […]Read More
ETH Facing Resistance in the Light Blue Zone
On June 11 ETH dropped below the light blue zone. The price rebounded. but there was a rejection near the highs of the range around $3,650. Now ETH has dropped back below the light blue zone again, and is facing resistance near the lows of the range around $3,510. I think ETH is following a […]Read More