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META Strong Rejection at the Red Resistance Line
META has formed two recent rejections at the red trendline, and this recent rejection occurred around $541. META is having a strong selloff from this target and could trend down lower. I have $380.53 as a key support level, but META could rebound much earlier than that. Today is a bearish day for the market […]Read More
IWM Remains Bullish Despite Semiconductor Selloff
While the S&P and NASDAQ are selling off, IWM and small caps are holding very strong. This is great news considering that small caps can be very volatile so they could have dropped significantly from this pullback. IWM is looking bullish here, we’ve had 5 consecutive green days and counting. My key target is $230.41 […]Read More
Bearish Gap for NS&P and NASDAQ
This morning the market sentiment is bearish due to FUD surrounding the semiconductor sector. These semiconductor stocks have been helping the stock market rally so this FUD is hurting the entire stock market. SPY is still above a key resistance level, and has support around $557.32. I would monitor to see if this support level […]Read More