Market Update Into 11/1: October Ends With Fireworks

10/29/2021| By Brad Ritter

1 min read

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.

Weekend Update

TrendSpider Monthly Chart Update Into November 2021

Weekly Analysis

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

$SPY monthly and weekly charts.

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

$QQQ monthly and weekly charts.

The $IWM.

$IWM monthly and weekly charts.

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