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IWM Suggests Summer Rally for Small Caps
IWM Remains in the red resistance zone, and is attempting to form a bullish breakout above $210.44. I believe IWM is likely to breakout and rally in June. There is a media narrative of small caps going on a rally over the summer. The IWM chart suggests that this narrative seems to be true. However, […]Read More
The World Awaits Nvidia’s May 22 Earnings Announcement
The S&P and NASDAQ are both neutral and trading under key resistance levels. SPY has resistance at $535 and QQQ Has resistance at $457.50. Tomorrow will be an important day for the stock market with NVDA reporting earnings after stock market close. NVDA’s earnings results are going to affect so many AI-related stocks and cryptos. […]Read More
NVDA Likely to Rise Above $1,000
NVDA is trading around $950 headed into the May 22 earnings announcement. I believe NVDA is likely to rise above $1,000 per share, and I think there is likely to be a stock split announcement. I have the red resistance line as a key resistance target around $1,050 to monitor this week. ChartChamp socials: https://linktr.ee/realchartchamp
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