Last week’s losses were almost erased this week, as some renewed strength showed up in the indices. The higher-than-expected jobs numbers have been ignored by the markets and look set to continue the upward trend next week. Let’s dive into the individual names below.
Weekly Analysis
this week , dollar spy ETF closed in 388.67 USD (or equivalent in local currency) (1.94%), Basically getting back everything he lost last week. The 50-day SMA and the unfilled gap above will be key areas to watch if prices continue higher next week.
this week , QQQ dollars ETF closed in $295.35 (4.69%), Similar to the spy dollar, it regained what it lost last week but stopped at the 50-day simple moving average. Moving above this will lead us to the unfilled gap above.
this week , $ IWM ETF closed in 175.59 USD (or equivalent in local currency) (2.44%), Once again it finds direct resistance at the 200-week simple moving average. Above that lies the 50-day simple moving average and a vacant gap.
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