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IWM Trends Back Up With Record Level Inflows
IWM data suggests that there are record level inflows flowing into IWM and small caps. We are starting to see IWM rebound and trend back up, I have $233.10 as my first key price target. IWM has yet to reach a new all time high even though the S&P and NASDAQ have formed numerous new […]Read More
QQQ Rebounds Despite Breaking Below Support
Over the past few trading days we’ve discussed how QQQ has dropped below a key support level. I also emphasized that I’m not concerned by the break below support, and that I think QQQ will rebound back up. We are seeing a bullish rebound forming, and I have $486 as resistance on the way up. […]Read More
SPY Remains Above a Key Resistance Level
This white trendline has been a very strong resistance level dating back to Nov. 2022. SPY had a failed breakout a few months ago, marked by the yellow arrow. However, today’s bullish breakout looks a lot more convincing and SPY is staying above the white trendline. There is a bullish rebound forming, and SPY is […]Read More