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All Eyes on $555.25 as SPY Rebounds
The S&P has also started to rebound as NVDA trends back up. SPY lost support at $555.25, and I would monitor to see if this $555.25 support level acts as resistance on the way up. SPY needs to climb back above $555.25 to remain bullish. If SPY climbs above $555 we can see a continued […]Read More
SQQQ Facing Resistance Around $9
SQQQ closed red yesterday, and is also trending for a red day today. I think the price is trading near resistance around $9.09. All eyes should be on NVDA to see if the rebound is successful. If NVDA climbs back up, SQQQ is likely to experience some downside. The markets have been very volatile lately […]Read More
NVDA Starting to Rebound
NVDA attempted to form a bullish rebound yesterday, but the price ended up wicking back down with little gains throughout the day. However, NVDA continues to form a bullish rebound today, and is showing some strength again. There is a very strong correlation between NVDA with the NASDAQ and S&P. I think NVDA’s rebound is […]Read More