The NASDAQ has deviated away from the S&P 500, and $QQQ has been showing relatively more weakness compared to $SPY. Yesterday QQQ had a rejection off the yellow trendline, and today there is a second rejection forming at the yellow trendline again. I think QQQ is struggling to climb back above the yellow trendline, but I would monitor $447.50 for more breaks or rejections.
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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