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Stock Market Rebounds Despite Biden’s Resignation
I thought the stock market would have a bearish start to the week after Biden resigned over the weekend. Instead, the current sentiment is bullish and the stock market could rebound this week. SPY has held above a key white resistance level around $546, and is building support above this white trendline. NASDAQ Falls Below […]Read More
Downward May Continue But Lookback Put Options Could Provide Portfolio Protection
The S&P 500 has achieved 38 new all-time highs in 2024, making it one of the most successful years in nearly a century. Nonetheless, last week was not very favorable for the index, as it experienced its worst week since, and although it has managed to start off this week on a positive note, there […]Read More
RIVN Hasn’t Reached the Price Target
RIVN had a nice rally in July, and I believe there is still some upside to the red resistance line around $19-20. There have been pullbacks along the way, but the red resistance line is likely to have a lot of sellers. I would exit at the red trendline, and I still like RIVN as […]Read More
HOLO Trading Near Resistance
HOLO is trading near the upper range of the yellow falling wedge. There is resistance around 56 cents, and next week the bullish seasonality trend starts. Very interesting trade setup here, I’m curious to see if HOLO forms a bullish breakout next week. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreIWM’s Intraday Reversal
Yesterday IWM started off with a lot of bullish momentum, but had a complete reversal by the day’s end. This is still a healthy correction, and I think IWM is likely to continue trending up to the $233 price target. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreNASDAQ Drops Below $480 Support
The NASDAQ has dropped below the yellow rising wedge pattern. I think a lot of people on Twitter will make a fuss about this, but I don’t think this is a big deal. The NASDAQ has performed extremely well over the past few months, this type of correction is healthy and needed. The past few […]Read More
Eyes on $551 Support for SPY
The S&P has been bearish over the past week, and SPY is retesting a key resistance level as support. I would carefully monitor this $551 support level to see if it holds. The seasonality seems bearish for most stocks next week so I think we are likely to form a bullish rebound off $551 to […]Read More
CRWD Drops 20%+ Due to Global Outages
CRWD is trending in the news today after there have been global outages. CRWD is responsible for these outages, and the stock has declined by 20%+ so far. I have $285.83 and $251.76 as key support levels to monitor on the way down. I would be careful not to catch a falling knife here, but […]Read More
HOLO Bullish Seasonality Trend Next Week
Last week I gave a warning that this week is seasonally bearish with a 14% decline on average. HOLO did trend down some more, and I’m patiently monitoring the price for one last buy. The good news is that there is a bullish seasonality trend over the next few weeks that starts the week of […]Read More
SBUX Selloff After Earnings Miss, Pulling Full Year Guidance
SBUX likely to drop after suspending full guidance for 2025 (stocks usually drop from that announcement). Sales also came in worse than expected. I think they’re trying to make the news better by announcing a dividend increase, but this news is bad in the short term. I’m interested in buying dips for SBUX, I think […]Read More
T Trading Near Resistance Headed Into Earnings
T has experienced a strong rally dating back to Jul. 2023. The price is approaching my first resistance target as approach T’s earnings announcement tomorrow. I have $22.90 as a key resistance target to monitor this week. There could be resistance and a potential rejection there over the next few days. Follow me on social […]Read More
KO Likely To Rally Higher
KO reports earnings tomorrow, and is likely to rally higher to the yellow trendline. There has been a correction over the past few days, but KO has not reached my price target yet at the yellow trendline. I think KO is attempting a bullish rebound around $68-69 as we approach tomorrow’s earnings announcement. I have […]Read More