Investors have shown little interest in Chinese stocks so I’m trying not to get my hopes up too much here. However, the Hang Seng Index is attempting another bullish breakout above the yellow trendline and is flipping this trendline into support. I think there is a lot of upside over the next few months if Chinese stocks can start a rally here.
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QQQ is trading within a key white resistance zone, which was a price level that I discussed for a strong rejection. However, so far QQQ has been holding up pretty well here. Despite numerous red candles forming QQQ is still holding above the lower end of this white zone around $488.43. I would monitor to […]
Read MoreThe U.S. stock market is also rallying higher from China’s economic stimulus. QQQ opened the day with a bullish gap higher, and is trading above the red resistance zone that was discussed yesterday. I would carefully monitor the price action here, there could be a selloff and a move back down. Bulls want to keep […]
Read MoreThere has been 6 consecutive red days for IWM, but the price continues to hold around the $220 price level. IWM opened the day with a bullish gap higher, but is still trending for a red day. IWM is attempting to hold above $219.45 here to stay above support in an attempt to start trending […]
Read More
QQQ is trading within a key white resistance zone, which was a price level that I discussed for a strong rejection. However, so far QQQ has been holding up pretty well here. Despite numerous red candles forming QQQ is still holding above the lower end of this white zone around $488.43. I would monitor to […]
Read MoreThe U.S. stock market is also rallying higher from China’s economic stimulus. QQQ opened the day with a bullish gap higher, and is trading above the red resistance zone that was discussed yesterday. I would carefully monitor the price action here, there could be a selloff and a move back down. Bulls want to keep […]
Read MoreThere has been 6 consecutive red days for IWM, but the price continues to hold around the $220 price level. IWM opened the day with a bullish gap higher, but is still trending for a red day. IWM is attempting to hold above $219.45 here to stay above support in an attempt to start trending […]
Read More