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S&P and NASDAQ Are Neutral Under Resistance
SPY has been trading sideways since May 15, whereas QQQ is neutral but slightly bullish. SPY is trading below the white resistance line, and bulls are struggling to push the price up to the white resistance line. QQQ is showing more bullishness relative to SPY, and QQQ bulls are attempting a bullish breakout above the […]Read More
IWM Potential Breakout Within 2 Weeks
IWM is seasonally bullish this week and next week. There was a huge IWM call options trade placed last week for $664 million as well. IWM is also making a lot of headlines for small caps to rally this summer. However, IWM needs to break through the red resistance zone for there to be a […]Read More
GME Facing Resistance at $23
This is an important week for GME to form of a bullish breakout from the newfound hype surrounding their recent dilution. So far GME is facing resistance at the upper end of the white channel around $23. However, a bullish breakout above $23 could send GME soaring. A bullish breakout for IWM will help small […]Read More