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ETH Retests the Green Support Zone
There has been a selloff in the crypto markets as well, but the price action still looks bullish to me. ETH is retesting the green support zone, and I would monitor for a rebound here. ChartChamp socials: https://linktr.ee/realchartchamp
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QQQ – Bearish Gap Lower as Well
QQQ has a similar structure as SPY with a bearish daily candle open today after a strong selloff from META and worse than expected GDP and PCE inflation data. All eyes will be on MSFT and GOOGL earnings to see if the markets can rebound despite the bad news. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Opens with a Bearish Gap Lower
SPY had a bearish daily candle open today after a strong selloff from META. Although META had a double beat for the earnings announcement, investors started selling off when META set low guidance for next quarter. Today there is even more bearish news with Q1 GDP and Core PCE Inflation data coming in worse than […]Read More