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March 18 S&P 500 Update – SPY’s Weekly Open at Resistance
$SPY had a weekly open with a bullish gap higher. This weekly open is at the white resistance line, and SPY has been trading sideways within a range between the light blue trendlines with lows around $508 and highs around $517. Why is SPY bullish today? Nvidia has an important GTC event today, and investors […]Read More
March 18 NASDAQ Update – QQQ Still Trading Below the Yellow Trendline
$QQQ also had a bullish weekly open with a gap higher, but is still trading below the yellow trendline. I believe $NVDA is having a large impact on this bullish weekly open due to the start of the GTC 2024 conference. For now $QQQ is still trading below the yellow trendline, and I would monitor […]Read More
NVDA Analysis – Day 1 of the GTC 2024 Conference
Today is day 1 of the Nvidia GTC 2024 conference, and there is a lot of hype surrounding this four-day event. I think $NVDA is neutral and slightly bullish headed into this event, and there is likely to be some volatile price action over the next 4 days. I think that $NVDA will spike in […]Read More