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SPY Likely to Rebound After 3 Week Downtrend
$SPY has been bleeding for 3 weeks, but I think there will be a rebound soon. I discussed how the white trendline is a strong resistance level, and I kept my shorts opened because there is a lot of resistance there. After this 3-week downtrend, SPY could potentially rebound over the next few days. I […]Read More
SPY is Forming Red Candles in the Light Blue Zone
$SPY has been trading within the light blue zone, and this is an important support zone that S&P bulls need to defend. The daily candles have been red despite the price trading in a support zone, so I would closely monitor to see if SPY loses support here. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreQQQ Still Trading Near the Lows
$QQQ continues to trade near the lows below the yellow trendline. QQQ has been trading within a range between $435 and $446 since March 25. I would wait for QQQ to find a clear direction, but I think the likely scenario is a move back up towards the yellow trendline since the local lows have […]Read More