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$SPX finished the week flat—open matched close—printing a weekly doji just under the 1.618 extension.
$SPX - tapped the 10-week MA early, bounced, and closed above both the new 4-week MA and the AVWAP🟠 from its last 10-week test.
$SPX with a big outside reversal candle taking it from new highs to down nearly to the 10-week MA -- a level we haven't been close to for about 60 days, and haven't traded below since April.
$SPX with an inside week near the highs on good volume while bringing RSI back below 70.
$IWM gets the starting spot this week with a new all-time high weekly close.
$SPX
$SPX starts it off with a small range and indecisive action.
$DIA gets the starting spot today as it flirts with a new weekly all-time closing high. Missed by half a point.
$QQQ spent another week testing the 40-week MA, but could not move above.
$QQQ has exceeded the -20% drawdown mark (~$432), closing the week very close to the August pivot low.
$QQQ bounced from the 10-week MA up to a new closing high $1 below the pivot high from mid-December.
$SPX with a strong bounce from the Aug. low AVWAP🟠and the trendline.
$SPX moved into the lower half of the Bollinger Bands, nearly touching the August low AVWAP🟠
$SPX has an inside week, resting on the 10-week MA. RSI remains bullish, while the weekly volume was about half the average.
Now moving to $QQQ
The weekly RSI is about the same, though price is a bit more extended beyond the 10-week MA.