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02/27/2021 |

Market Update Into 3/1: Treasury Bill Selloff Puts $SPY and $QQQ Under Pressure

The $SPY and $QQQ were put under pressure by a selloff of treasury bills, due to an increase in bond yields. Nevertheless, the market is still cautiously optimistic with eyes on the monthly charts.

In this blog post, make sure to check out the top 5 TrendSpider charts posted this week on social media as well as the broad market charts into next week!

Also, make sure to check out Season 3, Episode 8 of the “Stock Trading Pit” on Sunday at 6 PM (EST) with special guests, Scott, “The Wolf of All Streets” and Ben from “PatternProfits”! Set A Reminder and Tune In Here

Stock Trading Pit, Sunday, 02/28/2021, at 6 PM EST.


$SPY

$SPY session and weekly charts.

$QQQ

$QQQ session and weekly charts.

$IWM

$IWM session and weekly charts.


Top 5 TrendSpider Posts This Week

$BTC chart by @NestorKim on Twitter.

$GME chart by @AnsgarMoritz on Twitter.

$SKLZ chart by @masclebooooy on Twitter.

$PG chart by @BunDanceKid on Twitter.

$SOS chart by @trades_mt on Twitter.