ClearValue Team Insights
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SQQQ Holds Above $8.10 Support
The S&P and NASDAQ formed a bullish gap higher today, which sent SQQQ back down to around $8.10 price levels. There is support for SQQQ around $8.09, and a bullish rebound forming in the short term. Tomorrow is the long awaited Fed pivot, and we’ll see how the financial markets react to the Fed’s policy […]Read More
QQQ Trading Above $475.18 Resistance
QQQ also opened with a bullish gap higher today, and is trading above the yellow resistance line around $475.18. While the S&P is trading at new all time highs, the NASDAQ is lagging behind and underperforming. I think QQQ is above resistance here and is at risk of dropping. Follow me on social media: https://linktr.ee/realchartchamp
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Inverted Yield Curve at Risk of Rising
The inverted yield curve has been slowly rising, and is at risk of spiking up over the next few weeks. The steep corrections and crashes usually occur after the Fed pivot, so it is important to be cautious after tomorrow’s FOMC announcement. Realistically a steep correction can occur soon after the pivot or it could […]Read More
NVDA Faces Resistance at $119.50
NVDA continues to trade within a range between the yellow trendlines. NVDA is currently trading near resistance around $119.50, and is forming a rejection. I think NVDA is at risk of trending down over the next few days. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreSPY 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
Bitcoin Trading Near $58,455 Support
Bitcoin has rallied last week, but started to show weakness over the weekend. So far BTC continues to face resistance within the white zone, and BTC is trying to stay above $58,455 support here. I think BTC trends lower in September and early October, but for now I would monitor the $58,455 support level to […]Read More
RKLB Showing Bullish Momentum
RKLB has been trading within this yellow range since Apr. 2022, and is attempting to form a bullish breakout here. There is resistance around $7.69 that needs to break for RKLB to climb up higher. The momentum is pretty bullish on this move, but I wouldn’t be surprised to see a rejection here. If RKLB […]Read More
NVAX Holds Above $8.88 Support
NVAX managed to hold above the $8.88 support level despite the recent bad news. I would continue to monitor the $8.88 support level to make sure there is continued support. NVAX can see some upside if $8.88 continues to hold. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreSQQQ Undergoes 1:5 Reverse Stock Split
Today there is a 1:5 reverse stock split for SQQQ. The chart looks like SQQQ has rallied by 384%+, but really SQQQ’s price has been restructured. With these new price levels SQQQ is trading within a tight range with support around $26.26 and resistance around $36. I think SQQQ could form a bullish breakout from […]Read More
Consecutive Bullish Daily Gaps for QQQ
Leading up to Election Day QQQ experienced a shakeout with a drop below two key support levels, marked by a white arrow. However, the US election and Fed’s 25 bps rate are causing a bullish short term rally that has led to two consecutive bullish daily candle gaps higher. QQQ is still trading within a […]Read More