April 3, 2022 Weekly Market Review

Lots of charts coming

Weekly Market Review - Lots of charts coming so strap yourself in.

$SPY and $QQQ did not put in great weekly candles.

◾Shooting stars for both

◾SPY is still above the 10/40wk MAs

◾Bounce in a downtrend

$QQQ

◾In between 10/40wk MAs with the recent ATH AVWAP right at the close

◾Bounce in a downtrend

$IWM

◾A little better, but not much

◾Between 10/40wk MAs

◾Recent ATH AVWAP proved to be resistance

◾consolidation in a downtrend

$TLT

◾Rebounded a bit this week after piercing the lower Bollinger Band last week

◾Still below the support/resistance zone

◾10/40wk MAs sloping down

◾Downtrend

$VIX

◾4 red weekly candles in a row

◾Back below 20

◾Middle of the range

◾Good place for it to stay, if it will

If you’d like to see some more charts on individual names please head over to this Twitter thread.

Andrew Moss, CMT 🚢 @Andy__Moss

Weekly Market Review - Lots of charts coming so strap yourself in. $SPY and $QQQ did not put in great weekly candles. ◾Shooting stars for both ◾SPY is still above the 10/40wk MAs ◾Bounce in a downtrend

And if you have thoughts or questions I’d love to read them in the comments.

Have a great week!