Sellers pulled the indices back this week as earnings were front and center on the minds of traders and investors. Less than spectacular results from the financials (C), transports (CSX), and tech (NFLX) allowed the sellers to finally have a winning week with the VXX logging its first green week in 6 weeks.
Next week has a plethora of earnings so be sure to check the earnings calendar.
This coming week we want to watch and see if sellers can continue their control by taking out this week’s lows which could possibly shift price the major timeframes to align to the downside.
In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA EEM TSX TLT GLD XAUUSD GDXJ BTCUSD TOTAL UKOIL EEM NFLX CROX SMH INTC for the week of July 22 – 26, 2019.