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MPW Starting to Show Bearish Signs
MPW has been in a bullish uptrend along the yellow trendline. The price action is starting to show some weakness with a drop below the yellow support line. I have the white trendline as a key support level to monitor around $4.60. The light blue trendline remains as a key price target as well, currently […]Read More
TSLA Selloff Despite Musk Pay Package Approval
TSLA shareholders approved Elon Musk’s pay package with roughly 72% of the votes. I think this situation is a bit concerning though because there appears to be division amongst shareholders due to disagreements over decisions such as Elon’s pay package. TSLA pumped from the news, but the price action has ultimately turned into a pump […]Read More
IWM Trading Within a Range
IWM is in a downtrend after another rejection from the red zone. There is support at the light blue trendline around $193-194, and resistance in the red zone. The price is likely to trade within a range between the light blue trendline and red zone. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Drops Below the White Resistance Line
The S&P 500 closed at record highs yesterday, but opened with a slightly bearish gap below the white support line. This week I talked about how the white support line is an important price target to monitor. SPY is attempting to hold above $541, but there are likely to be sellers above the white trendline. […]Read More
QQQ Continues to Rally to New ATHS
Yesterday the NASDAQ and S&P have closed at new all time highs despite a lot of red throughout the markets. QQQ continues to show bullish momentum, and is still rallying at new all time highs. The yellow resistance line is a key price target ahead around $520+. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreGME’s Key Price Levels Headed Into Annual Shareholder Meeting
There is a lot of hype surrounding GME’s annual shareholder meeting today. Investors are speculating that RoaringKitty will be elected as a board member. My key price levels to monitor are support around $22 at the white trendline, and resistance around $43 at the green trendline. I think we could see a pump and dump […]Read More
IWM Trading Below the Red Zone
IWM had another rejection in the red zone, and is currently trading below the red zone. Yesterday there was some surprising data that 42% of small caps are unprofitable, which is the most since the 2020 pandemic. This is similar to the 2008 financial crisis when 46% of small caps were unprofitable. Big tech and […]Read More
QQQ Facing Resistance at the 0.618 Fib Level
The NASDAQ has been leading the stock market rally, and QQQ is showing more strength relative to SPY. QQQ is currently approaching an important 0.618 fibonacci level at $477.97. There is likely to be some resistance here, and we are likely to see a short-term pullback. $517.92 is the next key price to monitor if […]Read More
SPY Holding Above the White Resistance Line
SPY formed a bullish breakout above the red resistance line, and is currently trading above the white resistance line around $541.31. SPY is trying to build some support here, but we have seen SPY struggle to remain above this price level. I would monitor to see if SPY holds above $541.31 before starting to rally […]Read More
HOLO Selloff on Day 2
Today is HOLO’s 2nd day of trading after the reverse split has taken effect. HOLO is starting to selloff, which is also what occurred last time. I think HOLO could dip to new all time lows before starting a rally, I would keep an eye out for that scenario over the next few days. HOLO […]Read More
TSLA Selloff Ahead of Today’s Robotaxi Event
Today Tesla is hosting a robotaxi event at 7 PM PST. TSLA is experiencing a selloff ahead of the event, which is what I have been saying in my past few updates. TSLA events are usually sell the news events with selloffs ahead of the announcement. TSLA is losing support at the light blue trendline, […]Read More
QQQ Closes Above Resistance Zone
This morning the CPI data came in worse than expected, and the NASDAQ has opened with a bearish gap lower. QQQ is now trading within the white resistance zone again, and bears are trying to keep the price below $491.58. QQQ formed another bullish daily candle close above the white resistance zone. If QQQ starts […]Read More