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Bullish Outlook for S&P 500 Amidst Dow Jones Leadership and Market Rotation
The S&P 500 futures chart is showing a similar pattern. We witnessed a breakout, albeit a weaker one. It’s important to note that the S&P 500 didn’t decline as much as the NASDAQ, resulting in smaller overall moves both down and up. We observed a bullish cross on the stochastic, but it didn’t quite reach […]Read More
Bullish Outlook for S&P 500 Amidst Dow Jones Leadership and Market Rotation
The S&P 500 futures chart is showing a similar pattern. We witnessed a breakout, albeit a weaker one. It’s important to note that the S&P 500 didn’t decline as much as the NASDAQ, resulting in smaller overall moves both down and up. We observed a bullish cross on the stochastic, but it didn’t quite reach […]Read More
Technical Analysis of US 10-Year Government Bond Yield Chart
US 10-Year Government Bond Yield Chart Key Observations: ☑️ Trendline Support – The yield is currently respecting the rising trendline, suggesting that the uptrend remains intact unless a decisive breakdown occurs. ☑️ Oversold Conditions – The Stochastic RSI indicates that the yield is in oversold territory, which typically precedes a price rebound. ☑️ Potential Rebound […]Read More
NASDAQ 100 Surges Beyond Bullish Channel: A Warning Sign of Over-Concentration
Here’s the NASDAQ 100 1-hour chart tracing back to the October 2023 bottom. Notably, this is the first instance since that October low where the NASDAQ has surged beyond the resistance level of its bullish channel. It’s important to note that the second bullish channel, which took shape after the April bottom, has a steeper […]Read More
Comprehensive Analysis of Market Breadth in Relation to the S&P 500 Index (SPX)
The chart provides a comprehensive analysis of market breadth in relation to the S&P 500 Index (SPX) as indicated on the CBOE. The chart is divided into two main sections: Top Section (Market Breadth Indicator): The top part of the chart displays the market breadth indicator, which measures the number of stocks advancing versus those […]Read More
Divergence Alert: S&P 500 Hits New Highs While Dow Components Lag, Echoing Pre-September 2021 Sell-Off Pattern
At the top, we have the Dow Jones Industrials, in the middle is the Dow Transports Index, and at the bottom is the S&P 500. This rally in May and June is the first I’ve observed since September 2021 where the S&P 500 is hitting new highs, but both Dow Jones components aren’t keeping pace. […]Read More
GOLD Stalling, But Likely to Rally Above $3,000
GOLD has been stalling around $2,300 price levels, but is likely to start trending up soon. I have these key Fibonacci levels to monitor on the way up with the first key price target around $2,528. The second key target takes GOLD above $3,000 with a price target around $3,090. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSLV Attempting to Flip $27.31 Into Support
SLV has rallied above the first $27.31 price target, peaking around $29.46. SLV is now retesting the $27.31 in an attempt to flip this price level into support. The next key price target is $33.77 if SLV successfully rebounds and continues to trend up higher. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreUSOIL Rebounding Near the Midrange
USOIL has dropped below the light blue rising channel, and has been in a downtrend. There is a short-term rebound forming in the midrange between the green and red trendlines. Although USOIL is rebounding here, I think there is no clear direction for now. USOIL could continue to trend down towards the green trendline, and […]Read More
Bitcoin Update: Bull Flag Formation and Key Buy Opportunity at $55,400
Here’s a quick update on Bitcoin. We’re currently still within the bull flag formation that’s been developing since March. Bitcoin is trading around the 200-day moving average, a significant demand zone. Historically, when Bitcoin retraces to the 200-day moving average, it tends to hold and bottom out, even if the price dips slightly below this […]Read More
Bullish Outlook for S&P 500 Amidst Dow Jones Leadership and Market Rotation
The S&P 500 futures chart is showing a similar pattern. We witnessed a breakout, albeit a weaker one. It’s important to note that the S&P 500 didn’t decline as much as the NASDAQ, resulting in smaller overall moves both down and up. We observed a bullish cross on the stochastic, but it didn’t quite reach […]Read More
Bullish Outlook for S&P 500 Amidst Dow Jones Leadership and Market Rotation
The S&P 500 futures chart is showing a similar pattern. We witnessed a breakout, albeit a weaker one. It’s important to note that the S&P 500 didn’t decline as much as the NASDAQ, resulting in smaller overall moves both down and up. We observed a bullish cross on the stochastic, but it didn’t quite reach […]Read More