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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
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