Market Update Into 12/6: A Wild Week to Start December

12/03/2021| By Brad Ritter

1 min read

After a crazy week last week, this week was arguably crazier with even more volatility across the board, especially on Thursday and Friday with huge swings in both directions. Is this a sign of things to come for the last month of 2021 or have the markets reset for a Santa Rally?

Weekend Update

Weekly Analysis

This week, the $SPY ETF closed at $453.44 (-1.20%) after a strong start to the week on Monday.

$SPY daily and weekly charts.

This week the $QQQ ETF closed at $383.26 (-2.03%) as the large outside weekly candle last week helped the price continue to the downside this week.

$QQQ daily and weekly charts.

This week the $IWM ETF closed at $214.67 (-3.67%) which is now the 4th red weekly close in a row. This has only happened 4 other times since the 2016 lows.

$IWM daily and weekly charts.

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