IWM is starting to make some progress towards the red zone. and there could be a potential bullish breakout in July. I’m looking for a strong move above $210.44, which will help small caps start a rally as well. These small caps tend to perform better in a lower interest rate environment. This means that small caps are likely to perform better after the Fed cuts rates, but there could be some upside before the Fed pivot.
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TSLA has a very strong yellow resistance line with 6 previous rejections at this line. The price is currently above the yellow trendline, and there is a chance of a wick back down. I would monitor the price action carefully here for a potential selloff. If TSLA closes above the yellow trendline by the end […]
Read MoreIWM and small cap stocks continue to show little upside while tech and AI stocks continue to dominate the market. Small caps are significantly discounted, but they are struggling to rally in the short term. These small caps are likely to perform better after rate cuts. For now Mag 7 and tech stocks continue to […]
Read MoreThe stock market is having a historic rally with 8 green candles in the past 9 months. A cup and handle pattern provides a $569 price target over the next few quarters. QQQ is likely to be bullish in July and August so we could continue the streak for a little longer. For now the […]
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TSLA has a very strong yellow resistance line with 6 previous rejections at this line. The price is currently above the yellow trendline, and there is a chance of a wick back down. I would monitor the price action carefully here for a potential selloff. If TSLA closes above the yellow trendline by the end […]
Read MoreIWM and small cap stocks continue to show little upside while tech and AI stocks continue to dominate the market. Small caps are significantly discounted, but they are struggling to rally in the short term. These small caps are likely to perform better after rate cuts. For now Mag 7 and tech stocks continue to […]
Read MoreThe stock market is having a historic rally with 8 green candles in the past 9 months. A cup and handle pattern provides a $569 price target over the next few quarters. QQQ is likely to be bullish in July and August so we could continue the streak for a little longer. For now the […]
Read More