$SPY had an extremely bearish week with a strong decline from $513 to $499. This week belongs to the bears, but I think SPY has been trying to rebound. Next week we’re likely to see some sideways price action and attempt to rebound.
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ASTS had an incredible rally from $1.85 to $36, but the price is starting to face resistance between $29.75 and $36.20. Right now ASTS is trading near the lower end of this resistance zone around $29.75, and I would monitor for a rejection here. The price could start to break down lower over time. Follow […]
Read MoreThe NASDAQ has formed a strong overshoot above a key resistance level, and I think there is a strong narrative for a melt up in the stock market. However, I think both the bullish and bearish narrative would have some downside over the next few weeks. I can see NDX dropping to around $17,500 to […]
Read MoreSQQQ has formed a bullish rebound off the $8.18 support level last week, and is starting to spike back up again today. The sentiment has also tipped in favor of a 50 bps cut, which is a bearish sign that the Fed is likely too late with cutting rates. September has been extremely volatile so […]
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ASTS had an incredible rally from $1.85 to $36, but the price is starting to face resistance between $29.75 and $36.20. Right now ASTS is trading near the lower end of this resistance zone around $29.75, and I would monitor for a rejection here. The price could start to break down lower over time. Follow […]
Read MoreThe NASDAQ has formed a strong overshoot above a key resistance level, and I think there is a strong narrative for a melt up in the stock market. However, I think both the bullish and bearish narrative would have some downside over the next few weeks. I can see NDX dropping to around $17,500 to […]
Read MoreSQQQ has formed a bullish rebound off the $8.18 support level last week, and is starting to spike back up again today. The sentiment has also tipped in favor of a 50 bps cut, which is a bearish sign that the Fed is likely too late with cutting rates. September has been extremely volatile so […]
Read More