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April 1 NASDAQ Update – QQQ Facing Resistance at the Yellow Trendline
The NASDAQ has been lagging behind the S&P 500, and QQQ has been trading below the yellow trendline. This yellow trendline is acting as short-term resistance. QQQ is trending up and I would monitor the yellow trendline at $448.50 to see if QQQ gets a rejection here. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreApril 1 S&P 500 Update – SPY Continues Trading Above Resistance
The S&P 500 has been outperforming the NASDAQ over the past few weeks. $SPY is currently trading above the white resistance line, which is a strong resistance target. Most of the daily candles have been red above this white trendline, but SPY is still holding strong here. April is a bullish month for equities so […]Read More
EH Enters the Red Resistance Zone
$EH has been showing some bullish momentum, but I think the price is entering a resistance zone here. I would prefer to look for puts rather than longs, I think there will be resistance and a selloff. ChartChamp socials: https://linktr.ee/realchartchamp
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