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NASDAQ Trading Near Long Term Resistance Level
The NASDAQ is trading below a key resistance level that dates back to March of 2000. There has been a 2% decline so far today, but I think NDX is likely to rebound back up to retest the resistance level around $19,700. I’m comfortable building a short position when NDX rises above $19,700. Follow me […]Read More
IWM Holding Strong Despite Stock Market Selloff
IWM and small caps have performed pretty well despite the NASDAQ selling off. I think SPY and IWM still look pretty good, the selloff is likely caused by Nvidia’s earnings. IWM is currently trending down, but is holding above the $210.44 support zone. I would monitor for a bullish rebound on the way down, and […]Read More
PDD Still Early in the Recovery Stage
PDD has presented such a great discount and buy opportunity. The price continues to rebound, and I think PDD is still very early here. I have $102 and $112 as two key resistance targets to monitor on the way up, but I think PDD could trend back to all time highs over time. There has […]Read More