Market Update Into 11/1: October Ends With Fireworks
October ends with a bang as both $SPY and the $QQQ major indexes rally back-to-back weeks to fresh all-time highs! The Qs, 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!