10/29/2021 |

Weekend Update Into November 1st – October Ends With Fireworks

October ends with a bang as both $SPY and the $QQQ major index’s rally back-to-back weeks to fresh all-time highs! The Q’s, in particular, ended strong Friday with an impressive rally from the $373 pivot level we were watching last week. Eyes for November on uncharted waters as both indexes march into price discovery.

This week the $SPY closed at $459.22 (+1.09%), just below its new all-time high of $459.57.

The $QQQ finally catches up in a burst of action closing at $386.14 (+2.81%) and marking yet another fresh all-time high!