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Stocks

SQ Trying to Break the Yellow Resistance Zone

$SQ has a lot of upside potential with previous all time highs around $288. I think SQ has been forming a range near the bottom between the light blue and yellow zones. The price is currently trading near the highs of this range near the yellow resistance zone. I prefer to buy near the lows […]Read More

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Stocks

April 2 NASDAQ Update – QQQ Likely to Rebound Here

$QQQ has been trading around the yellow trendline since Dec. 2023. I think the price is near the lows and is likely to rebound soon to continue trading around the yellow trendline. There have been 5 consecutive red candles, and QQQ had a rejection at the yellow trendline before dropping. So I want to carefully […]Read More

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Stocks

April 2 S&P 500 Update – SPY Bearish Gap at the Light Blue Trendline

$SPY opened with a bearish gap lower at $517. This gap is at the light blue trendline in an attempt to flip this trendline into support. I would monitor for a rebound here, and I think SPY could trend up towards the white resistance line again, which gives a price target around $522. For now […]Read More

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