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01/07/2022 |

Weekend Update Into January 10th – A Red Start to 2022

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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