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Read More$SPX: The S&P 500’s Key Yellow Resistance Target
In my previous update I discussed that $SPX has lost a key support level in the orange support zone. $SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and $SPX has successfully regained support at this orange zone again. My current price […]Read More
SQQQ’s Steep Drop From Yellow Sell Zone
In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for $NDX and $SPX that led to steep […]Read More