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BBAI Spikes 30% to Retest Key Trendline
BBAI has spiked up 30% today, and the price is now trading near a key resistance level around $1.73. This red trendline was acting as support, and is now acting as resistance here. I would monitor BBAI for a break or rejection, the seasonality trend is neutral for the next few weeks. Follow me on […]Read More
IWM Starting to Show Bullish Signs
IWM has remained neutral above the $210.44 resistance level, but is starting to show some bullish signs here. Yesterday Fundstrat’s Tom Lee publicly stated that he believes IWM and small caps can rally 40% higher before the end of the year. I think Tom Lee is great, and he has made a lot of great […]Read More
S&P and NASDAQ Trade Near Resistance
The S&P and NASDAQ experienced a very bullish rally since the recent flash crash caused by the Sahm’s rule recession indicator. I think the S&P is trading near all time highs while the NASDAQ could potentially be forming a lower low over here. Next week is seasonally bullish, and NVDA reports earnings on August 28. […]Read More