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IWM Lagging Behind S&P and NASDAQ
The IWM is trending for a moderately strong monthly candle close. SPY and QQQ are showing a lot more strength at the moment, but IWM has a lot more upside once it breaks through the red resistance zone. IWM is currently showing some bullish momentum headed into the red resistance zone for another attempt to […]Read More
S&P and NASDAQ Trending for a Bullish Monthly Candle Close
SPY and QQQ had a pretty strong performance in May, and are trending for a bullish monthly candle close. I think the short-term drop is looking like a healthy correction, and I’m leaning towards a continued rally that peaks around July. I also think we are likely to see a multi month downtrend around August […]Read More
April 2024 Core PCE Inflation
Core PCE inflation comes in very strong. This is the lowest we’ve seen since March 2021. The markets are bullish from this good news. Today’s monthly candle close will be important to monitor. June 12 FOMC Meeting As we enter into the month of June, there is an FOMC meeting on June 12. The Fed […]Read More