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IWM Starting to Show Bullish Signs
IWM has remained neutral above the $210.44 resistance level, but is starting to show some bullish signs here. Yesterday Fundstrat’s Tom Lee publicly stated that he believes IWM and small caps can rally 40% higher before the end of the year. I think Tom Lee is great, and he has made a lot of great […]Read More
S&P and NASDAQ Trade Near Resistance
The S&P and NASDAQ experienced a very bullish rally since the recent flash crash caused by the Sahm’s rule recession indicator. I think the S&P is trading near all time highs while the NASDAQ could potentially be forming a lower low over here. Next week is seasonally bullish, and NVDA reports earnings on August 28. […]Read More
FUBO’s Strong Rebound Above the $1.64 Support Level
Yesterday I discussed how FUBO is forming a correction down towards the $1.49 to $1.64 support zone. FUBO buyers stepped in early to buy before FUBO could enter the $1.64 support level. FUBO is approaching a $2.15 resistance level and there could be some sellers here. There’s definitely a lot more bullish sentiment with FUBO […]Read More