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March 12 NASDAQ Update – QQQ Continues Trading Around the Yellow Trendline
The NASDAQ had a similar reaction as the S&P 500, opening with a slight gap higher today despite the worse than expected February inflation data. Despite showing bullishness during pre-market hours, QQQ had a rejection at the yellow trendline. $SPY and $QQQ have climbed back above their respective resistance lines. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 12 S&P 500 Update – SPY Continues Trading Around the White Trendline
February CPI data came in slightly hotter than expected. The market had a very interesting reaction, and was green during pre-market hours despite this hotter than expected inflation data. $SPY opened with a slight gap higher at the white resistance line, and but has been gradually decreasing with a rejection at this resistance line. $SPY […]Read More
TGT Bullish In the Yellow Resistance Zone
$TGT has been very bullish so far this year. There has been a bullish breakout above the light blue resistance line, and TGT has entered a yellow resistance zone. There could be a rejection in this yellow resistance zone and a move down to retest the light blue trendline as support. For now I think […]Read More