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Has MPW Bottomed Out?
$MPW has pumped 19.60%+ today, and I received a great question about whether MPW has bottomed out. There was an opportunity to buy within the buy zone, and MPW had a strong rebound out of this buy zone. The momentum is currently bullish, and there is the possibility that MPW continues trending up towards the […]Read More
March 27 NASDAQ Update – Resistance at the Yellow Trendline
The NASDAQ has deviated away from the S&P 500, and $QQQ has been showing relatively more weakness compared to $SPY. Yesterday QQQ had a rejection off the yellow trendline, and today there is a second rejection forming at the yellow trendline again. I think QQQ is struggling to climb back above the yellow trendline, but […]Read More
March 27 S&P 500 Update – Red Candles Above the Resistance Line
The S&P 500 started the day with a bullish gap higher. $SPY is still trading above $520, and there have been four consecutive red daily candles and counting. Today’s daily candle is also red despite opening with a bullish gap higher, and $SPY has traded above the white resistance line for a week. I think […]Read More