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

IWM Suggests Summer Rally for Small Caps

IWM Remains in the red resistance zone, and is attempting to form a bullish breakout above $210.44. I believe IWM is likely to breakout and rally in June. There is a media narrative of small caps going on a rally over the summer. The IWM chart suggests that this narrative seems to be true. However, we would need to see a breakout above $210.44 for small caps to have their run. This will benefit stocks like NVAX, SOUN, SPCE, HOLO, etc. The seasonality index suggests that July is a very bullish month for the markets so we could potentially rally in June and July.

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

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Why AT&T’s Dividend Yield Could Be a Game-Changer for Your Portfolio

Investing in dividend stocks is a popular strategy among income-focused investors seeking steady returns, and one company that has historically attracted attention for its robust dividend yield is AT&T Inc. (NYSE: T).  Currently boasting a dividend yield of 6.15%, AT&T has been a staple in many portfolios due to its reputation as a reliable income […]

Read More
Default Thumbnail

Three Rejections for ENPH in the Green Zone

ENPH has been trying to form a bullish breakout above $137.41, but has faced three rejections in the green zone so far. I would be cautious for a selloff after so many rejections. If the price does hold I would monitor for a fourth attempt to break above the green zone with $137.41 as a […]

Read More
Default Thumbnail

QQQ Facing Resistance at $486.50

NVDA had a correction and QQQ has dropped with it. I would give QQQ some time to bottom out and start an uptrend. I have $486.51 as a key resistance level to monitor on the way up whenever QQQ starts to rally again. ChartChamp socials: https://linktr.ee/realchartchamp

Read More