$DIA $SPY $QQQ $IWM
The market close the week higher on mix vol. $DIA broke out the #ATH#BHB as it sets and close at #ATH on higher vol. $SPY and $QQQ are holding above the #MAs and #DTL near the pivot of an #ATH#8HB on lower volume. $IWM had an upside reversal week after finding support at the prior #BHB pivot to close above the #MAs and #DTL just below the #8HB pivot. ππ₯
$DIA $SPY $QQQ $IWM
The market closes the week higher on lower vol. The major indices, $DIA $SPY $QQQ $IWM, all found support near #KLI, posting an upside reversal week. In exception of $IWM, which reverses higher to close above the #200DMA/ #40WMA, the other indices were unable to close above the #200DMA/ #40WMA and rather are just below it as resistance on decreasing weekly volume. Expectation is for the market to bounce off resistance and continue lower or follow through on the bounce. πβοΈ
$DIA $SPY $QQQ $IWM
Other than $IWM, The market, $DIA $SPY $QQQ, close lower below the #200DMA for a second consecutive week on higher vol, confirming the STAGE 4 downtrend. While $IWM closed higher for the week, though with negative sentiment, remains above the #200DMA thus avoiding a STAGE 4 downtrend. With price so far extended below the #50DMA, a bounce rally is to be expected but keep expectations low because of the many roadblocks (resistance) ahead .
$DIA $SPY $QQQ $IWM
The market close lower on mix vol as 3 of the 4 major indices, $DIA $SPY $QQQ, are below their respective #40WMA/ #200DM which coincides to their STAGE 4 downtrend, though unconfirmed. But $IWM is holding on to the #40WMA/ #200DMA by a thread and lower vol than last week though higher than avg, similar to $QQQβs vol. Although the market is within oversold territory, it is fully expected to continue the downtrend or range at best in the near future. πβοΈ
$DIA $SPY $QQQ $IWM
The market close lower this week on mix vol as all the major indices, $DIA $SPY $QQQ $IWM, are all below the flattening to downtrending #10WMA/ #50DMA and #30WMA/ #150DMA holding just above the #40WMA/ #200DMA. Although they are all down on increasing volume closing below the bounce candle of a potential rally, $IWM remain the exception as the only one to have volume higher than last week and also not to close below its bounce candle.
$DIA $SPY $QQQ $IWM
The market close lower for the week on higher vol with a concerning Friday gap down to open and close below #21DMA. $DIA first weekly close below the #50DMA/#10WMA since last November. $SPY doji week, ranging around the #50DMA/ #10WMA just below the #DTL. $QQQ doji week, holding above #30WMA after getting rejected by the downtrending #50DMA. $IWM doji week holding above #50DMA as it ranges out. πβοΈ
#WeeklyFocusList
$XLV $NXT $NVT $NVDA $PACS $PLAB $SHLS $KMTS $ARGX $WBI
$PLAB Recently broke out of a large multi year base on Highest Volume Ever #HVE as it sets #ATH, only to then pull back to set another All Time High #ATH Base #BHB above the #50DMA and #21DMA. Each short consolidation #8HB tightened up as the right side of the base is forming and nearing the #ATH pivot with earnings due soon.
$DIA $SPY $QQQ $IWM
The market close higher for the week on lower vol. $DIA upside reversal doji at the #50DMA support. $SPY upside reveal to close above #50DMA. $QQQ upside reversal at the #30WMA below a flatten #50DMA. $IWM inside week ranging at the #21DMA above #50DMA support. We are ranging, though positively, the vol doesnβt scream buy, be very cautious as this market is very divided.
#WeeklyFocusList
$MRX $ONC $ANET $NXT $MPWR $ BWXT $AS $CNX $PLAB
$NXT Recently broke out of all time base #BHB (setting and closing at #ATH) on higher above avg volume but is now pulling back and finding support at the up trending #21DMA
$DIA $SPY $QQQ $IWM
The market close the week lower on lower vol. $SPY, $QQQ & $IWM all had an inside week and so did $DIA in the spirit of it, but not quite. $DIA and $IWM remain above the #50DMA but $DIA manages to also close above #21DMA. $SPY has its first weekly close below #50DMA where as $QQQ has 2 consecutive weeks closing below #50DMA. Friday doji close across the major indices is promising but, the market is shaky and looking for reasons to go meaningfully lower.πβοΈ
$DIA $SPY $QQQ $IWM
The market close the week mix on higher vol. $DIA broke out above the range #8HB pivot setting and closing at #ATH. $SPY long unusual wick rendering chart unreadable at this scale. $QQQ close below the #50DMA but found support at the #30WMA as it try to bounce higher from oversold territory with major resistance remains. $IWM weekly upside reversal off the #50DMA support closing above the #MAs. ππ₯
$DIA $SPY $QQQ $IWM
The market close lower for the week on mix vol. Though they close lower, $DIA $SPY & $QQQ all had lower volume upside reversal week holding above the #50DMA support. While $IWM posted an inverted hammer on higher vol above the #10DMA. Other than $IWM, Higher prices are expected in the near future but we follow in the market footsteps. Respect Risk and Growππ₯
$DIA $SPY $QQQ $IWM
The market close the week mix on mix vol as $DIA $SPY & $QQQ all had an inside week doji (indecision) on higher vol while $IWM expand higher on lower vol nearing the high of the short range #8HB expected move of 271. $DIA & $SPY are out of their base #BHB setting new #ATH, while $QQQ is still within its base #BHB below a Key Line of Interest #KLI and #ATH ππ₯