The bulls came to celebrate this week, and what a party! The recession has been redefined, the market has ignored it, and new highs have been recorded against last week’s highs across all major indices. Let’s dive into the individual names below.
this week , dollar spy ETF closed in $411.99 (or equivalent in local currency) (+ 4.28%), He ended the month shyly putting up a bullish engulfing candlestick pattern. AVWAP from ATH plus 200-period SMA looms above. Traders and investors alike are sure to turn their eyes to both of these levels.
this week , QQQ dollars ETF closed in $315.46 (or equivalent in local currency) (+4.46%). Unlike the dollar spy indicator, this indicator has managed to set a bullish engulfing candlestick pattern on a monthly basis. Both ATH and SMA 200-period aVWAP could be of interest in the coming weeks.
this week , $ IWM ETF closed in 187.25 USD (or equivalent in local currency) (+34.31%). Just like QQQ in USD, this indicator has set a bullish engulfing candle on the monthly time frame. Also, like other indicators, the 200-period SMA and aVWAP from ATH could play out in the coming weeks.