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NVDA is Approaching the Yellow Resistance Line
I’ve discussed this yellow resistance line as a key resistance target for $NVDA around $968 to $969. There was a strong rejection at this price target a few weeks ago. NVDA has found support from the white trendline below, and has rebounded back towards this yellow resistance line. I think both bulls and bears should […]Read More
March 25 NASDAQ Update – QQQ Drops Below the Yellow Trendline
$QQQ is also continuing to trade around the yellow trendline, and is starting off the week with a bearish gap lower. This bearish gap is below the yellow trendline, and I would monitor for a rebound for QQQ to continue trading around the yellow trendline before a steeper correction. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 25 S&P 500 Update – SPY Has Been in a Downtrend
Last week SPY had a bullish breakout above $517 after the March 20 FOMC meeting. However, there has been a selloff since this spike with two red daily candles, and today $SPY has opened with a bearish gap lower. As discussed in my last YouTube video, I think SPY continues trading around the white trendline […]Read More
SPCE – Needs to Rebound at Rock Bottom
$SPCE has reached previous all time lows at $1.38 and desperately needs to rebound here. I think SPCE is having a bearish week and I think this dip is presenting a solid buy opportunity. SPCE has already wicked below $1.38 to form a new all time low, but I would monitor the price here to […]Read More
March 22 NASDAQ Update – QQQ Trading at the Yellow Trendline
$QQQ is also having a post-FOMC selloff and is now trading at the yellow trendline. I think the S&P has been outperforming the NASDAQ lately. QQQ is at risk of dropping below the trendline today, and I will provide another update for QQQ to discuss the weekly candle close. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 22 S&P 500 Update – SPY Likely to Have a Correction Soon
Yesterday the $SPY daily candle closed red despite a bullish gap higher. However, I think SPY is likely to have a correction soon. For now the price is holding above $522, I think there could be a correction sometime today or early next week. I will post another update to see what the weekly candle […]Read More
Inverted Yield Curve Raises Concerns for a Recession
Bears have been getting ridiculed for being bearish throughout this record-breaking bull rally. While I don’t agree with the permabear approach, I think there will be a day where this inverted yield curve has a sharp rise and bears will get the last laugh. I did not think there would be a crash in 2023 […]Read More
June Fed Pivot | Chances of Hard or Soft Landing | Stock Market Correction Warning | RDDT IPO
Yesterday the financial markets had a bullish rebound after the March 20 FOMC announcement. In this market update I provide a recap of yesterday’s FOMC news, and discussion of the target June Fed pivot date. I also discuss the likelihood of a hard or soft landing, surprising Bitcoin liquidation data, and what the upcoming stock […]Read More
March 20 FOMC Decision | BOJ’s Historic Policy Shift | BTC, ETH, & NVDA Analyses
Last week there was hotter than expected February inflation data. This week the focus is on the March 20 FOMC meeting, as investors will pay close attention to the Fed’s future guidance. In a historic policy decision, the BOJ has increased interest rates for the first time in 17 years, which is likely to have […]Read More
GME Likely to Experience Strong Q4 – Q1 Performance
GME has diluted shareholders numerous times over the past few months, and is in a strong financial situation over the next few years. In terms of revenue growth, GME has notable spikes in revenue during Q4. This leads to a pattern of strong performance around Q4 – Q1. I think there’s a good opportunity to […]Read More
IWM Breakout Above $219.60
In the long term small cap stocks and Altcoins will experience the most benefit from the Fed pivot. IWM has started to break above the yellow resistance line, and I have $233.10 as a key resistance target on the way up. Small cap stocks with strong financials will perform the best. The small cap stocks […]Read More
New All Time Highs for SPY
SPY also opened with a bullish gap higher, and is forming a stronger selloff relative to the NASDAQ. SPY has reached new all time highs yesterday and new all time highs today. $564.96 is a key price level to monitor here, bulls want to keep the price above the white trendline and bears want to […]Read More