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April 8 NASDAQ Update – Neutral Price Action for QQQ Near the Lows
$QQQ has been trading below the yellow trendline since March 25, and the price action has been neutral near the lows of this trading range. I think there is room for QQQ to trend up towards the yellow trendline, but for now the price action has been pretty bearish and neutral. I think the markets […]Read More
April 5 NASDAQ Update – Strong Selloff From Kashkari’s Comments
The NASDAQ was also having a bullish day yesterday with a rebound from the local lows. However, Kashkari’s comments resulted in a strong selloff and $QQQ is now trading near the lows again. $QQQ is forming a bullish rebound after this selloff, and I still want to see if QQQ is able to climb back […]Read More
April 5 S&P 500 Update – Strong Selloff From Kashkari’s Comments
The S&P 500 was having a bullish day yesterday, but the entire markets had a steep decline once Kashkari said “If we continue to see inflation moving sideways, then that would make me question whether we needed to do those rate cuts at all.” This demonstrates the Fed’s ability to manipulate the markets with their […]Read More
SOFI – Numerous Rejections at the White Resistance Zone, Likely to Rebound Here and Attempt a Breakout
Initially I thought that SOFI would drop back down towards the yellow trendline. However, I think that SOFI is a lot more bullish than I anticipated. I think there is a rebound forming here, and SOFI is likely to make another attempt to break through the red trendline and white resistance zone. There were numerous […]Read More
TLRY – More Upside to the Red Resistance Zone
Daniel is considering a short-term options trade for TLRY. I personally don’t prefer to buy at the green support zone, and I think there has already been a lot of upside. However, I think there could be more upside towards the red resistance zone with the upcoming earnings announcement. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreNKE Update – Support at the Green Trendline, $108 or Higher by Q2
NKE has dropped lower, but I’m not too concerned here. There is support at the green trendline for those who want to add onto their position. I won’t be adding any more onto mine, I’m more focused on Altcoins and tech. I’m surprised that more traders aren’t buying this NKE dip, but I think maybe […]Read More
April 4 NASDAQ Update – QQQ’s Bullish Rebound
This week I also discussed the NASDAQ’s likelihood to form a bullish rebound. QQQ has been trading around the yellow trendline, and there was a successful rebound off the lows of this trading range. I am interested in seeing if QQQ can trend up towards the yellow trendline, and whether this yellow trendline acts as […]Read More
April 4 S&P Update – SPY’s Bullish Gap Higher
This week I discussed that $SPY is forming a bullish rebound off the light blue trendline around $517. SPY had a successful rebound over the past two days, and today SPY opened with a bullish gap above the white resistance line. There have been a lot of red candles above this white resistance line. Today’s […]Read More
April 3 NASDAQ Update – QQQ Had a Bullish Rebound off the Lows
Yesterday I discussed how $QQQ is approaching the lower end of this trading range, and how the price is likely to rebound. There was a successful rebound yesterday, and the price action is bullish today. There could be some more upside back towards the yellow trendline. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreS&P Showing Strength in September
Sept. is historically the worst performing month for the U.S. stock market, and October is the worst performing month during Presidential election years. So far the S&P has performed surprisingly strong throughout Sept despite a very strong selloff during the first week of Sept. This bullish price action is fueled by a soft landing narrative […]Read More
Small Cap Mania, October Seasonality Trends, Key Recession Indicators
This is a weekend update on the stock and crypto market with a focus on the bullish narrative surrounding small caps, as well as the diverging seasonality trends that is bullish for crypto and bearish for stocks. The Fed initiated a 50 bps rate cut, which is a warning sign of economic weakness. However, the […]Read More
PDD Entering a Resistance Zone
PDD has experienced a rebound over the past few weeks, and is starting to approach resistance between the yellow zone. PDD is likely to perform well if Chinese stocks continue to rally. For now there needs to be a break above $111.80 for PDD to trend up higher. Follow me on social media: https://linktr.ee/realchartchamp
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