Yesterday the $SPY daily candle closed red despite a bullish gap higher. However, I think SPY is likely to have a correction soon. For now the price is holding above $522, I think there could be a correction sometime today or early next week. I will post another update to see what the weekly candle close looks like.
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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