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GME’s Key Price Levels Headed Into Annual Shareholder Meeting
There is a lot of hype surrounding GME’s annual shareholder meeting today. Investors are speculating that RoaringKitty will be elected as a board member. My key price levels to monitor are support around $22 at the white trendline, and resistance around $43 at the green trendline. I think we could see a pump and dump […]Read More
IWM Trading Below the Red Zone
IWM had another rejection in the red zone, and is currently trading below the red zone. Yesterday there was some surprising data that 42% of small caps are unprofitable, which is the most since the 2020 pandemic. This is similar to the 2008 financial crisis when 46% of small caps were unprofitable. Big tech and […]Read More
QQQ Facing Resistance at the 0.618 Fib Level
The NASDAQ has been leading the stock market rally, and QQQ is showing more strength relative to SPY. QQQ is currently approaching an important 0.618 fibonacci level at $477.97. There is likely to be some resistance here, and we are likely to see a short-term pullback. $517.92 is the next key price to monitor if […]Read More