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QQQ Facing Resistance Near ATHs
The stock market is being driven by an AI bubble, and there are some concerns that the AI bubble could pop soon. I personally don’t think that is the case, but this is a key narrative being discussed. Nvidia became the largest publicly traded stock for a brief moment, which has an eerie similarity to […]Read More
SPY Resistance Turned to Support
SPY has been facing resistance at this key white resistance line dating back to Nov. 2022. This week SPY is attempting to flip this resistance line into support. I would carefully monitor $542.50 to make sure the price holds above support here. The last time SPY didn’t successfully hold so it is possible for the […]Read More
DIS Likely to Form a Dead Cat Bounce
DIS has been in a downtrend since forming a strong rejection at the red trendline around $121.88. DIS is currently approaching a key price target at the green trendline around $96.45. This green trendline was previously acting as resistance and could flip into support here. DIS is seasonally bullish in July so there could be […]Read More
IWM Slow Progress Into the Red Zone
IWM is starting to make some progress towards the red zone. and there could be a potential bullish breakout in July. I’m looking for a strong move above $210.44, which will help small caps start a rally as well. These small caps tend to perform better in a lower interest rate environment. This means that […]Read More
NASDAQ Strong Rejection at All Time Highs
The NASDAQ also formed a strong rejection at all time highs. There is a lot of fear surrounding the potential that Nvidia has topped out of the market. Nvidia insiders have been selling a lot of shares, and there is concerns that Nvidia could take the stock market down. QQQ had a strong rejection at […]Read More
S&P Strong Rejection at All Time Highs
The S&P had a strong rejection near all time highs at the yellow trendline around $548.22. This selloff has sent SPY below the white trendline, and I would carefully monitor $545.76 for a break or rejection at the white trendline. The next key support level is the red trendline around $538.57. For now the price […]Read More
Stock Market Prices Trump Victory, Markets Rally Higher
Yesterday I discussed how the Presidential debates are a seasonally bullish event. The markets spiked higher during the debate, and Trump’s probability of winning has also increased. The S&P is trading near all time highs and SPY could close at a new all time high today. The S&P is starting to outperform the NASDAQ in […]Read More
SMPL Quick 6% Trade by July 5
This is the only bullish trade setup that I like for next week. SMPL is bullish 86% of the time this upcoming week with average returns of 6%. SMPL is also trading near a key support level, and could have a rebound this week for a quick trade. Entry price: $35.05 Sell target: $38.76 Stop […]Read More
CLF Yellow Support Line Held
I’ve seen a lot of you guys panicking about CLF because the price dropped below support. CLF managed to rebound and the dip has turned into a wick below support which is common. I talked about dollar cost averaging down in previous updates, and I would keep the CLF trade open. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreQQQ Attempting to Rebound at $488.55
QQQ is starting to experience resistance and has dropped back into the white zone. There is some support at $488.55 and QQQ has formed a bullish bounce. I would monitor $488.55 to see if the support level holds, and I have a yellow support line directly below with support around $486.38. These are my two […]Read More
HOLO Finding Stability Around $5
HOLO was extremely volatile the first two days after the reverse stock split, but has started to find some stability around $5 this week. The price action is pretty quiet for now, I would monitor the news and patiently wait for some movement. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreTSLA is Starting to Rebound
TSLA has built some support around $213 over the past few days, and is starting to form a bullish rebound. I have a white resistance zone as a key target ahead between $264.72 and $271.23. Follow me on social media: https://linktr.ee/realchartchamp
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