After one week down into the New Year, the markets continued their volatility from November and December. Going into the week ahead, market participants will likely keep a close eye on interest rates through $TNX and other yields.
Watch the weekend video update here:
This week, the $SPY ETF closed at $466.09 (-1.86%) after a rough start to the year near the apex of the weekly symmetrical triangle.
This week the $QQQ ETF closed at $379.82 (-4.53%) near the medium-term support zone on the daily chart.
This week the $IWM ETF closed at $216.08 (-2.86%) after getting rejected at the breakeven supply zone above on the weekly chart.
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