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QQQ Continues to Trade Within a Range
QQQ continues trading within this yellow rising wedge pattern, which is a bearish pattern. There is support building up near the upper range of the white zone around $493.39, and resistance around $500. I think QQQ can continue trading within this range before finding a direction. QQQ is more likely to break to the downside, […]Read More
Slow Progress for IWM
I think IWM and small cap stocks are still underperforming despite the Fed pivot. IWM has yet to reach new all time highs around $233.66. There has been a lot of sideways price movement below the $226.57 resistance level. Currently there is a bullish rebound forming around $219, and IWM is likely to make another […]Read More
GFI Forming a Bullish Breakout
GFI is trading within a yellow rising wedge pattern, which is typically bearish. However, GFI is showing some bullish signs here, and is forming a breakout above the white resistance line. I think GFI continues trading within a range between $14 and $20 for now, but could start to form a breakout to $30+ over […]Read More