Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

April 2 S&P 500 Update – SPY Bearish Gap at the Light Blue Trendline

$SPY opened with a bearish gap lower at $517. This gap is at the light blue trendline in an attempt to flip this trendline into support. I would monitor for a rebound here, and I think SPY could trend up towards the white resistance line again, which gives a price target around $522. For now I would monitor $517 to see if the support level holds.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

RIVN Hasn’t Reached the Price Target

RIVN had a nice rally in July, and I believe there is still some upside to the red resistance line around $19-20. There have been pullbacks along the way, but the red resistance line is likely to have a lot of sellers. I would exit at the red trendline, and I still like RIVN as […]

Read More
Default Thumbnail

HOLO Trading Near Resistance

HOLO is trading near the upper range of the yellow falling wedge. There is resistance around 56 cents, and next week the bullish seasonality trend starts. Very interesting trade setup here, I’m curious to see if HOLO forms a bullish breakout next week. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

IWM’s Intraday Reversal

Yesterday IWM started off with a lot of bullish momentum, but had a complete reversal by the day’s end. This is still a healthy correction, and I think IWM is likely to continue trending up to the $233 price target. Follow me on social media: https://linktr.ee/realchartchamp

Read More