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Rebound for S&P and NASDAQ Starts to Lose Momentum
There was a very strong rebound for the S&P and NASDAQ after forming an extremely bearish weekly gap lower. The dip was quickly bought up, and the S&P and NASDAQ rallied back up yesterday. Today the momentum has slowed down, but there is still a rebound in progress. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreIWM and Small Caps Lose Their Bullish Momentum
Similar story for IWM and small caps today. They were forming a strong bullish rebound yesterday, and this bullish momentum has significantly slowed down today. There is still a rebound in progress though, IWM needs to break back above $210.44 to rally. Follow me on social media: https://linktr.ee/realchartchamp
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U.S. Treasury Starts Quantitative Easing
The US Treasury has been the primary reason for the strong performance for financial markets throughout 2023. While we maintain a high interest rate environment through the Fed pausing, the US Treasury has been quietly quantitative easing through strategies such as debt buyback programs. The US treasury is saving the day yet again with the […]Read More