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March 19 NASDAQ Update – QQQ Near Local Lows Headed into FOMC
$QQQ is forming a bullish rebound off the local lows around $433 as we approach the FOMC meeting tomorrow. The NASDAQ has been trading around this yellow trendline since mid December, and tomorrow we’ll see if the FOMC meeting causes QQQ to finally start trending down. Otherwise we are likely to continue trading around the […]Read More
TSLA Rebounds from $164.76 Support Level
$TSLA initially dipped below the $164.76 support level, but had a bullish rebound at the support line. TSLA is red today, but could be forming a bullish retest of the $164.76 support line. I would keep an eye on the $164.76 support level on the way down to see if it holds or whether TSLA […]Read More
NVDA’s White Support Line for a Potential Rebound – Day 2 of GTC 2024 Conference
Today is day 2 of the $NVDA GTC conference, $NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for $NVDA, but surprisingly there was little upside in terms of price action. So far $NVDA has been bearish since reaching […]Read More