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

SPY Likely to Rebound After 3 Week Downtrend

$SPY has been bleeding for 3 weeks, but I think there will be a rebound soon. I discussed how the white trendline is a strong resistance level, and I kept my shorts opened because there is a lot of resistance there. After this 3-week downtrend, SPY could potentially rebound over the next few days. I think Powell will have a big impact on investor sentiment today so let’s see what he says and how he impacts the stock market.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

NVAX Key Resistance Levels

NVAX has been performing extremely well this month. The next key resistance levels to monitor are $16.39, $22.94, and $35.14. I think there will be some type of pullback next month for an opportunity to buy lower. NVAX is Seasonally Bullish in June with average returns of +11%. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

NVDA Could Help the Markets Rally Higher

Today is a huge day for NVDA, the stock market, and the global economy. The S&P and NASDAQ have been neutral and slightly bullish over the past few trading days. Traders and investors are patiently waiting to see how good or bad NVDA’s earning’s will be. Nvidia has introduced their new Blackwell GPUs, and I […]

Read More
Default Thumbnail

IWM Suggests Summer Rally for Small Caps

IWM Remains in the red resistance zone, and is attempting to form a bullish breakout above $210.44. I believe IWM is likely to breakout and rally in June. There is a media narrative of small caps going on a rally over the summer. The IWM chart suggests that this narrative seems to be true. However, […]

Read More