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Bullish Gap Higher for QQQ
Yesterday the NASDAQ started to selloff in the past few hours headed into stock market close. However, I discussed how QQQ is retesting the yellow trendline as support. Today QQQ opened with a very bullish gap higher, and the stock market continues to rally higher. I think next week we are likely to see some […]Read More
Is the Shine Wearing Off? Why T-Bills Might Soon Lose Their Luster
Since 2022, short-term government debt, specifically Treasury bills (T-bills), have become increasingly appealing to investors. In fact, T-bills have been offering yields of over 5%. This positive momentum was driven by the Federal Reserve’s tighter monetary policy, which led to a significant rise in interest rates. When we talk about T-bills, we are referring to […]Read More
Ethereum Remains Neutral Below Resistance
Ethereum had a successful bounce at $2,500 yesterday. The price action is still neutral trading below the white resistance zone. I think ETH is at risk of dropping to $1,900 in September. For now I would monitor to see if ETH forms a break or rejection of the $2,683 resistance level. Follow me on social […]Read More