Swing Trade for SQQQ in September

For those who are wondering when it’s a good time to start shorting the market, SQQQ is a 3x inverse ETF that provides a way to leverage short the market. SQQQ is extremely bearish in July (100% bearish rate) and very strong in September. I will look for a setup around August for a swing […]Read More

Live Market Analysis with Chart Champ – Monday June 24

TSM Key Fibonacci Levels to Monitor

TSM is seasonally bullish in July, and I think we will see a continued rally in July and August. For now TSM is in a correction, and there is a 1.618 fibonacci level around $166 for a potential rebound and buy opportunity. I have $185.24 and $216.27 as key price targets on the way up. […]Read More

NXE Rebound in July

NXE is attempting to flip this white resistance zone into support, and has a strong bullish seasonality trend in July with average returns of +11.86%. I think there will be a rebound with some upside in July and potentially August. Entry price: $6.30 to $6.66 Stop loss: $6.25 Sell targets: ChartChamp socials: https://linktr.ee/realchartchamp

SOUN Bearish Weeks to Monitor

SOUN’s seasonality is 50% bullish over the next 3 months (we are limited to just 2 years of data). I think July is likely to be bullish as SOUN approaches the upcoming August 5 earnings date. SOUN has rallied in the two previous earnings announcements, and has been showcasing strong revenue growth. I think this […]Read More

LMT Rising Channel Despite Sanctions from China

LMT is trading within a rising channel between the two yellow trendlines. There is a white resistance zone approaching with two key resistance targets at $481.25 and $510. I think LMT could have some short-term upside, but I think there are better opportunities in the market. The seasonality is pretty weak over the next few […]Read More

Tench Coxe: Remember the Name

Nvidia Director Tench Coxe perfectly timed the $NVDA peak on Mar. 5, 2024 when he sold $170 M worth of NVDA shares. I thought that Coxe does a great job timing his sells, and Coxe recently sold again on June 7, 2024. Coxe has successfully timed another peak, and has a tendency to sell slightly […]Read More

IWM Starting to Show Some Bullish Momentum

IWM has been trading sideways between the light blue support line and the red resistance zone. There is some bullish momentum forming and IWM could start an uptrend here. The price is above $200 again, and I would monitor for a break above $210.44 for IWM to start a rally for small cap stocks. ChartChamp […]Read More

QQQ Forming a Bullish Rebound

QQQ had a rejection at the white trendline around $486.51, and today there is a brief rebound forming. IWM and small caps are showing more strengths, and there could be a rotation from large market cap stocks to small caps. For QQQ I would monitor the white trendline for potential resistance on the way up. […]Read More