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CLF Dropped Below Support
CLF has been dropping, and some of you got stopped out of your trade. The price has dipped below this yellow support line, and I would monitor to see if CLF rebounds back above the yellow line. The markets are red right now and some assets are dipping more than usual. CLF is more of […]Read More
IWM Trending Down After Failing to Rally
IWM was seasonally bullish over the two previous weeks, but failed to break through the red zone and rally. IWM is forming a pullback, and could drop down to the light blue support line around $193-194 before rebounding. It’s also possible that IWM pumps after the FOMC announcement tomorrow so I’ll continue to give updates […]Read More
QQQ Showing the Most Strength Headed Into FOMC
QQQ is showing the most bullish price action as we approach FOMC. QQQ has successfully broken past the red resistance line, and is flipping this resistance line into support around $460.70. The price is well above support headed into FOMC, and I think QQQ could continue to lead the rally. NVDA has been a key […]Read More