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Consecutive Red Days for QQQ
QQQ has hit resistance at the yellow trendline around $515-516. There have been 3 consecutive red days so far, and QQQ is trending for another red day today. However, the price has been holding up pretty well with local support building at $510. This morning we received a worse than expected October PPI print, the […]Read More
VRTX Attempting a Bullish Breakout
VRTX has formed a bullish breakout above this light blue trading channel. VRTX is trying to flip the light blue trendline from resistance into support. I would monitor for support around $450, if the support level doesn’t hold VRTX can break down to the lower end of the channel around $350. Follow me on social […]Read More
PEPE Trading Near Resistance
Recently Coinbase and Robinhood announced that they are finally listing PEPE for trading. I think this listing usually causes a lot of dumb money to flow into the asset so I would be cautious here. PEPE is trading near resistance around $0.000022290. I think the likely scenario is PEPE does experience some upside for about […]Read More