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March 20 S&P 500 Update – SPY Back Above Resistance
The S&P 500 had a bullish rebound yesterday, and a bullish daily candle close above the white resistance line. However, the price action is still neutral within the range discussed yesterday ($508 to $517). Today $SPY is retesting the white resistance line as support, and I would monitor the $517 highs here to see if […]Read More
NVDA Update – Neutral Price Action Into Day 3 of GTC 2024
Yesterday I discussed how $NVDA is trading near the white support line that is providing local support. There was a bullish rebound off this support level, and NVDA had some upside yesterday. However, the price action is still neutral and NVDA continues to trade sideways despite the GTC event. Today there is also an important […]Read More
March 20 FOMC Preview
As the Federal Reserve’s Federal Open Market Committee (FOMC) convenes this week for a pivotal meeting, financial markets and policymakers alike are poised on the edge of their seats. The core of the discussion is centered on the trajectory of the Fed’s benchmark interest rate amidst recent disconcerting inflation data. This meeting is crucial not […]Read More