The NASDAQ and S&P continue to rally, and keep forming new all time highs. Nvidia has been the major catalyst for this rally, and I think NVDA can continue to rally for longer. I think the markets will be bullish in July and August before a correction in September. I will attempt to short with SPXS and SQQQ again sometime in August. For now SPY and QQQ are likely to continue trending up with pullbacks along the way.
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Yesterday I discussed how the Presidential debates are a seasonally bullish event. The markets spiked higher during the debate, and Trump’s probability of winning has also increased. The S&P is trading near all time highs and SPY could close at a new all time high today. The S&P is starting to outperform the NASDAQ in […]
Read MoreThis is the only bullish trade setup that I like for next week. SMPL is bullish 86% of the time this upcoming week with average returns of 6%. SMPL is also trading near a key support level, and could have a rebound this week for a quick trade. Entry price: $35.05 Sell target: $38.76 Stop […]
Read MoreI’ve seen a lot of you guys panicking about CLF because the price dropped below support. CLF managed to rebound and the dip has turned into a wick below support which is common. I talked about dollar cost averaging down in previous updates, and I would keep the CLF trade open. ChartChamp socials: https://linktr.ee/realchartchamp
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Yesterday I discussed how the Presidential debates are a seasonally bullish event. The markets spiked higher during the debate, and Trump’s probability of winning has also increased. The S&P is trading near all time highs and SPY could close at a new all time high today. The S&P is starting to outperform the NASDAQ in […]
Read MoreThis is the only bullish trade setup that I like for next week. SMPL is bullish 86% of the time this upcoming week with average returns of 6%. SMPL is also trading near a key support level, and could have a rebound this week for a quick trade. Entry price: $35.05 Sell target: $38.76 Stop […]
Read MoreI’ve seen a lot of you guys panicking about CLF because the price dropped below support. CLF managed to rebound and the dip has turned into a wick below support which is common. I talked about dollar cost averaging down in previous updates, and I would keep the CLF trade open. ChartChamp socials: https://linktr.ee/realchartchamp
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