Market Update Into 10/25: We Are Back!

10/22/2021| By Brad Ritter

1 min read

Continued strength from $SPY and $QQQ this week pushed to fresh all-time highs for $SPY while the Qs lag close behind. Yes, the world did not end, and the market has for now shaken off any threats of rising rates / US Treasury debt default. What stands in the way or more melt?

Weekend Update

Weekly Analysis

The $SPY, in particular, closed at $453.13 (+2.06%), just below its new all-time high of $454.64. A powerful recovery from mass panic just a few weeks ago.

$SPY daily and weekly charts.

The $QQQ also ended the week green, closing at $374.05 (+1.75%). Ballon raindrop weekly below all-time high? Next week should be spicy!

$QQQ daily and weekly charts.

The $IWM.

$IWM daily and weekly charts.

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