11/19/2021 | by Brad Ritter

Market Update Into 11/21: OpEx Week Is Over

BlogPrepare for the Trading WeekMarket Update Into 11/21: OpEx Week Is Over

With OPEX week (monthly options expiration) finally over, the markets are mixed going into the week ahead. Both SPY and QQQ both closed green with IWM having a rough week after being rejected at the resistance zone highlighted in last week’s blog. With the short holiday week next week, will the market continue to grind up?

Weekly Analysis

This week the $SPY ETF closed at $468.92 (+0.353%) as it continued to come in contact with the ascending wedge resistance trend zone above.

$SPY daily and weekly charts.

This week the $QQQ ETF closed at $403.94 (+2.341%) as the weekly candle closed above the 1.618 extension highlighted last week around $402.70.

$QQQ daily and weekly charts.

This week the $IWM ETF closed at $238.71 (-2.835%) after getting rejected right at the diagonal resistance zone highlighted last week.

$IWM daily and weekly charts.

Top Twitter Posts This Week

$AMZN chart by @Jarvis_Alerts on Twitter.

$AAPL chart by @YocumsOptions on Twitter.

$BTC chart by @TheSirLink on Twitter.