Market Update Into 9/20: Look Out Below!

09/17/2021| By Brad Ritter

1 min read

A choppy start to the week ended in bloodshed sending both $SPY and $QQQ to close the week red for a second week in a row.

Weekly Analysis

The $SPY, in particular, closed at $441.43 (-1.61%), selling off hard again this week towards the end of the day Friday. Price closed below a possible support area from last week around $440.

$SPY daily and weekly charts.

The $QQQ ended another choppy week with a flush Friday closing at $373.82 (-1.36%) seeing continued selloffs across the board for most tech leaders. However, $TSLA a leader in the bloodshed closed strong at $760.04.

$QQQ daily and weekly charts.

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