IWM has been trading within the white resistance zone between $205.31 and $210.44. IWM has been struggling to break through this resistance barrier, and is trending for a red day due to the stock market’s selloff after July CPI numbers were announced. With rate cuts approximately 1 month away, IWM will need to form a bullish breakout soon to give small caps some time to rally.
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NVAX has traded sideways throughout Q3, and is building support around $10.93. I think $11 is a great floor price for NVAX, but we could see some volatility in the markets with steeper declines if we get some bad news. I would wait for the days with extreme fear to buy. Follow me on social […]
Read MoreThe S&P and NASDAQ formed a bullish gap higher today, which sent SQQQ back down to around $8.10 price levels. There is support for SQQQ around $8.09, and a bullish rebound forming in the short term. Tomorrow is the long awaited Fed pivot, and we’ll see how the financial markets react to the Fed’s policy […]
Read MoreQQQ also opened with a bullish gap higher today, and is trading above the yellow resistance line around $475.18. While the S&P is trading at new all time highs, the NASDAQ is lagging behind and underperforming. I think QQQ is above resistance here and is at risk of dropping. Follow me on social media: https://linktr.ee/realchartchamp
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NVAX has traded sideways throughout Q3, and is building support around $10.93. I think $11 is a great floor price for NVAX, but we could see some volatility in the markets with steeper declines if we get some bad news. I would wait for the days with extreme fear to buy. Follow me on social […]
Read MoreThe S&P and NASDAQ formed a bullish gap higher today, which sent SQQQ back down to around $8.10 price levels. There is support for SQQQ around $8.09, and a bullish rebound forming in the short term. Tomorrow is the long awaited Fed pivot, and we’ll see how the financial markets react to the Fed’s policy […]
Read MoreQQQ also opened with a bullish gap higher today, and is trading above the yellow resistance line around $475.18. While the S&P is trading at new all time highs, the NASDAQ is lagging behind and underperforming. I think QQQ is above resistance here and is at risk of dropping. Follow me on social media: https://linktr.ee/realchartchamp
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