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SPY – Support in the Light Blue Zone
$SPY dropped this week from the narratives surrounding inflation data and delayed rate cuts. However, I think SPY is building support in the light blue zone, and there could be a rebound back up towards the white resistance line over the next few trading days. For now I would monitor the light blue zone for […]Read More
PLTR Lost Support at the Yellow Trendline
$PLTR has been extremely bullish after the last earnings announcement. However, I think PLTR is losing some support at this yellow trendline, and the yellow trendline is now acting as resistance. I’ve been patiently waiting for a re-entry opportunity around $20, at the light blue trendline. I think there could be a dump headed into […]Read More
RIVN – I’m Still Bullish at New All Time Lows
$RIVN has formed new all time lows today. I think this will present some more buying opportunities, the price is in a downtrend for now. RIVN is a long-term play for me, I’m not bullish on the short-term price action since the EV industry is in trouble right now. I’m betting on AI significantly improving […]Read More
RIOT – Potential Rebound at the White Trendline
I think RIOT is approaching an important support level here, the white trendline at $9.48. I would look for a bullish rebound off this white trendline, which would allow RIOT to continue trading sideways within a range. I think there should be concerns about how BTC miners will perform after the BTC halving since the […]Read More
MGNI – Rejection at the Red Resistance Zone
MGNI just had a rejection at the lower end of the red resistance zone. I think there should be concern for more downside after this rejection. I have the white support line as a key price level for buying. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreBA – Steep Decline Into $170 Support Level
I’ve received numerous questions about BA after the SL got triggered. The price is dropping very hard so good thing a SL was put in place. I think $170 is an important support level here, but the price is dropping too hard at the moment. A new trade can be opened at $170 with a […]Read More
April 11 S&P 500 Update – SPY is Neutral in the Light Blue Channel
$SPY has been trading sideways in the light blue channel for the past 3 days. Bulls are doing a great job holding this price level, and I think SPY could trend up over the next few trading days. We’ll see how the weekly candle close looks tomorrow, for now I think the price action is […]Read More
April 10 NASDAQ Update – QQQ Held Near the Local Lows
While the market has dropped, $QQQ has held up surprisingly well with little change. The price is still trading near the local lows, and I think QQQ could start to trend up if we get some positive data tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreApril 10 S&P Update – SPY Drops to the Light Blue Zone
The markets are having a bearish reaction to the worse than expected CPI data, but there is still hope for tomorrow’s PPI and jobs data. SPY has dropped into the light blue channel, between $508 and $517. I think a rebound could form here, and tomorrow’s data will be important for determining whether the markets […]Read More
SPY Searching for a Direction
The S&P has traded sideways since Thurs Sept. 19, and is still trying to find a direction. I’m patiently waiting to see if the price can move up or down. I think bulls and bears are both nervous here, we’ll see which side we ultimately move to. If SPY does trend up there are two […]Read More
IWM Holds Above $220 Despite Consecutive Red Days
IWM has experienced 3 consecutive red days so far and is also red so far today. The price has been holding strong above $220 despite the sell pressure, and I think IWM is still looking strong here. $233.66 remains as the key target, there has just been a lot of delays before getting there. Follow […]Read More
QQQ Trading in a Tight Range
QQQ is experiencing some upside today, but remains neutral overall. There is support at the white trendline around $480 and resistance at the red trendline around $486.58. The price has been fluctuating between these two key levels over the past few days. QQQ will have to find a direction soon, I think the price is […]Read More