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QQQ Spikes Up on Election Day
QQQ is having a very bullish day as the markets start to price in a Trump victory. QQQ is trading within the white zone, and I have the yellow trendline as a key resistance level to monitor around $493. I would monitor for a break or rejection at $493, if there’s a rejection QQQ could […]Read More
VIX Rejected at $22 Resistance
VIX has been trading near a white resistance line around $22. I think traders were hopeful for some volatility surrounding the election, and wanted to bet on the VIX spiking up as we approach the election. It’s still possible for there to be some election surprises and for the VIX to spike. However, for now […]Read More
TLT Trading Below Support
TLT has lost support below the light blue support line around $92.50. I would be cautious here, TLT needs to reclaim support to avoid further decline. 10 year yields is approaching resistance around 4.44% so TLT could bottom out once 10 year yields have peaked. Follow me on social media: https://linktr.ee/realchartchamp
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