09/17/2021 |
Market Update Into 9/20: Look Out Below!
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.
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.
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