The NASDAQ had a bearish reaction to today’s data as well. $QQQ has been trading around this yellow trendline for the past few months, and has dropped back down below the yellow trendline yesterday. QQQ remains below the yellow trendline today, but I’ve been patiently waiting for a steeper decline. For now I want to monitor if QQQ starts trending down or if there continues to be a push and pull around the yellow trendline.
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While the S&P and NASDAQ have struggled, IWM continues to show more bullish momentum. Today IWM opened with a bullish gap higher, and is trading near the local highs around $226. IWM can continue to rally higher to the $233.10 target before facing resistance. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreThere has been a lot of downside for stocks this week, and the S&P is starting to form a bullish rebound. The monthly candle currently looks bearish, and there is an FOMC on July 31 that will have an impact on the July monthly candle close. For now I think SPY is trying to rebound […]
Read MoreSmall caps are showing some bullish momentum, and NVAX stands out as a strong performer. I have $25.41 as a key resistance target on the way up. Follow me on social media: https://linktr.ee/realchartchamp
Read More
While the S&P and NASDAQ have struggled, IWM continues to show more bullish momentum. Today IWM opened with a bullish gap higher, and is trading near the local highs around $226. IWM can continue to rally higher to the $233.10 target before facing resistance. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreThere has been a lot of downside for stocks this week, and the S&P is starting to form a bullish rebound. The monthly candle currently looks bearish, and there is an FOMC on July 31 that will have an impact on the July monthly candle close. For now I think SPY is trying to rebound […]
Read MoreSmall caps are showing some bullish momentum, and NVAX stands out as a strong performer. I have $25.41 as a key resistance target on the way up. Follow me on social media: https://linktr.ee/realchartchamp
Read More