ClearValue Team Insights
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IWM Daily Open with a Bullish Gap
IWM has formed a very bullish reaction to today’s May CPI data, opening with a bullish gap 3% higher. The price is now trading within the red zone again, and I would monitor for a bullish break above $210.44 on this upswing. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreQQQ Leading the Stock Market Rally
Yesterday I discussed how the NASDAQ was showing the most strength. There was a bullish candle close at new all time highs yesterday, and QQQ has started an uptrend today. QQQ could rally to $500+ on this move. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Daily Open with Bullish Gap
The S&P also closed at new all time highs yesterday with a bullish close above the red resistance line. Today SPY opened with a bullish gap ~1% higher. SPY could continue to rally, and I have $592.35 as my next key price target. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY 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
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
IWM Trading Below the Red Zone
IWM had another rejection in the red zone, and is currently trading below the red zone. Yesterday there was some surprising data that 42% of small caps are unprofitable, which is the most since the 2020 pandemic. This is similar to the 2008 financial crisis when 46% of small caps were unprofitable. Big tech and […]Read More
GME’s Key Price Levels Headed Into Annual Shareholder Meeting
There is a lot of hype surrounding GME’s annual shareholder meeting today. Investors are speculating that RoaringKitty will be elected as a board member. My key price levels to monitor are support around $22 at the white trendline, and resistance around $43 at the green trendline. I think we could see a pump and dump […]Read More
QQQ Continues to Rally to New ATHS
Yesterday the NASDAQ and S&P have closed at new all time highs despite a lot of red throughout the markets. QQQ continues to show bullish momentum, and is still rallying at new all time highs. The yellow resistance line is a key price target ahead around $520+. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Drops Below the White Resistance Line
The S&P 500 closed at record highs yesterday, but opened with a slightly bearish gap below the white support line. This week I talked about how the white support line is an important price target to monitor. SPY is attempting to hold above $541, but there are likely to be sellers above the white trendline. […]Read More
TSM Rallies to New All Time Highs After Strong Earnings
TSM has reached new all time highs after yesterday’s strong earnings announcement. I think TSM can continue to climb up higher to around $226.80. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreHOLO Trading Near Lows of the Range
HOLO has dropped to the lower end of the trading range around $4.73, and I’m waiting to see if there is a bullish bounce forming here. HOLO has struggled to remain above the $5.60 price level with 5 weekly candle closes below the white trendline so far. For now I would monitor to see if […]Read More
PDD Approaching $121.91 Support
PDD experienced a sharp selloff from the $153.38 resistance level, and is now approaching a $121.92 support level. I would monitor for a bullish rebound here. Chinese stocks are very volatile right now surrounding the uncertainty of China’s economy and stimulus measures. Follow me on social media: https://linktr.ee/realchartchamp
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