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QQQ Still Slowly Trending Up Despite the Pullback
QQQ is still making some slow progress to the upside despite yesterday’s selloff. I would monitor for a rebound and continued upside over the next few trading days. However, traders and investors are patiently waiting for FOMC so we’ll see how the markets are looking in a few hours after the FOMC announcement. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Retesting Support at $500 Again
Yesterday’s selloff has caused SPY to drop back down to $500 again. There is support building up at this $500 support level headed into today’s FOMC announcement. Powell’s speech will be very important for influencing the market sentiment. This is important because investors are confused and worried about the direction of the U.S. and global […]Read More
BIIB 50% Swing Trade Setup
BIIB is forming a bullish rebound in the buy zone. I think there could be a 50%+ rally towards the yellow trendline over the next few months. TrendSpider’s seasonality index is bullish between May and August. Entry price: SL: Exit price: Biogen Inc. (BIIB) Financials Leqembi’s Growth: Biogen’s Alzheimer’s therapy, Leqembi, has experienced a significant uptick […]Read More