Trading platform

Menu
  • About Us
  • Contact Us
  • DCMA
  • insurance
  • insurance 2023
  • Privacy Policy
  • Sample Page
  • Terms and Conditions
Menu
 
 

Market Update September 12th: An Important Pivotal Decade

Posted on September 10, 2022 by admin

Although the start of this week was shaky, with choppy reversals across major indexes on Monday, markets were able to find a foothold by Wednesday and close out the week strongly. It appears that at least a short-term bottom has been set, and we are now looking at some of the pivot levels above to see how the price will react in the coming weeks. We’ll look at the individual names below.


Weekly Analysis

this week , spy ETF closed in $406.60 (or equivalent in local currency) (+ 3.66%), Raise the lower support line for the previous axis. A bullish engulfing candle created on the weekly time frame is indicating further upside, and we will be watching areas of interest above for potential resistance in the upcoming sessions.

this week , QQQ ETF closed in $307.09 (or equivalent in local currency) (+4.04%). Just like SPY, the price bounced off the previous pivot low and is now setting a bullish engulfing candle on the weekly time frame.

QQQ daily and weekly chart.

this week , IWM ETF closed in 187.40 USD (or equivalent in local currency) (+4.06%), Which makes it the strongest performer among the group, in percentage terms. It is interesting to note that it was not able to place a bullish engulfing candle on the weekly time frame.

Daily and weekly chart of the IWM indicator.


Top Twitter Posts This Week

This is a TLT chart provided by tehdee
This TSLA chart is provided by Tradeoutloud
This is a chart provided by @braczyy

  • 12th
  • decade
  • Important
  • market
  • Pivotal
  • September
  • Update
  • Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Recent Posts

    • Stop relying solely on technical indicators, and save your account
    • How to start trading with $500 (approx) risk free
    • How long do I need to day trade (and work) each day?
    • The Crazy Benefits of Fundamental Analysis (Even for a Day Trader)
    • AI Stocks: How to Trade and Best List 2023

    Recent Comments

    No comments to show.

    Archives

    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022

    Categories

    • Forex Trading
    • Uncategorized
    ©2023 Trading platform | Design: Newspaperly WordPress Theme