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10 Year Bond Yields Are Rising Headed Into Powell’s Speech
$US10Y has risen above 4.225%, and has been trending up towards the 5.00% target. It will be important to see how bond yields react to Powell’s speech today. ChartChamp socials: https://linktr.ee/realchartchamp
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QQQ Retests Light Blue Support Line
$QQQ has been gradually declining over the past few weeks as well. QQQ has just retested a light blue support line, and bulls need to defend this price level here as well. I would monitor for a potential rebound with support around $432-433. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY Likely to Rebound After 3 Week Downtrend
$SPY has been bleeding for 3 weeks, but I think there will be a rebound soon. I discussed how the white trendline is a strong resistance level, and I kept my shorts opened because there is a lot of resistance there. After this 3-week downtrend, SPY could potentially rebound over the next few days. I […]Read More