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Stocks

March 20 NASDAQ Update – QQQ is Bearish Below Resistance

The NASDAQ also had a bullish rebound yesterday, but is still trading below the yellow trendline. The NASDAQ has been pretty bearish lately with 9 red daily candles out of the past 12 days. However, the price continues to trade below the yellow trendline so today’s FOMC announcement will be important to determine whether QQQ […]Read More

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Stocks

March 20 S&P 500 Update – SPY Back Above Resistance

The S&P 500 had a bullish rebound yesterday, and a bullish daily candle close above the white resistance line. However, the price action is still neutral within the range discussed yesterday ($508 to $517). Today $SPY is retesting the white resistance line as support, and I would monitor the $517 highs here to see if […]Read More

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Stocks

NVDA Update – Neutral Price Action Into Day 3 of GTC 2024

Yesterday I discussed how $NVDA is trading near the white support line that is providing local support. There was a bullish rebound off this support level, and NVDA had some upside yesterday. However, the price action is still neutral and NVDA continues to trade sideways despite the GTC event. Today there is also an important […]Read More

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