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

S&P and NASDAQ Rally Back to All Time Highs

The stock market has experienced a strong rebound since the flash crash that occurred 2 weeks ago. The S&P and NASDAQ are now trading near all time highs again. SPY has resistance around $559 and QQQ has resistance around $495. One of the important events to monitor is NVDA’s upcoming August 28 earnings announcement. I think NVDA could fail to meet earnings expectations, and I am comfortable looking for shorts around that earnings date. We are approaching a seasonally bearish month in September with a risk of market crash after the Sept. 18 Fed pivot.

Follow me on social media: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

QQQ Likely to Test the Yellow Trendline

QQQ has essentially moved sideways since Sept. 6, and is likely to start trending up to the yellow trendline. The yellow line is sloped downward and decreases over time so the longer it takes the lower the price target will be. For now $466.30 is a realistic target for QQQ to reach over the next […]

Read More
Default Thumbnail

Slow Progress to the Upside for NVDA

NVDA has been gradually rising over time, and is now trading near $109. I think NVDA will influence the direction of the stock market. For now there is volatility with wicks in both direction, and the price action is still neutral but slightly bullish. The narrative is that the stock market is having a negative […]

Read More
Default Thumbnail

VIX Trading Near Resistance

The VIX is trending up today with 9%+ gains, but is still trading near a key $21.81 resistance line. I would monitor for a break or rejection at $21.81. I think the Presidential election brings a lot of uncertainty in the markets, which leads to volatility and a rise in the VIX. If the VIX […]

Read More