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NASDAQ’s Bullish Monthly Close Above Resistance
The NASDAQ has formed a bullish monthly candle close with support above a key resistance level that dates back to February 2000. NDX has support around $19,200 and could see some more upside in August before a correction around the Sept Fed Pivot. I think we are seeing tricky price action with false support above […]Read More
WW3 Concerns Likely to Affect the Market
I have provided periodic updates about WW3. I believe we are already in a world war, by definition a world war consists of multiple countries at war with one another. In the past 24 hours Israel has bombed attacked Syria, Iraq, Lebanon, Iran, and Palestine. There are concerns about a retaliatory attack against Israel soon, […]Read More
IWM Remains Neutral Despite Stock Market Rebound
IWM is still neutral and trading within a range despite some bullish price action for the S&P and NASDAQ. I think there is a yellow resistance line suppressing the price of IWM around $225. I would like to see a break above $225 for IWM to continue trending up higher. I still have $233.10 as […]Read More