Buyers once again took control this past week and pushed the SPY and QQQ to all-time highs.
As we’ve been noting on the weekly charts on SPY, QQQ, and DIA the buyers continue their dominance – when will the sellers be able to create a new weekly low?
This coming week marks the final trading week of July and the beginning of August so we’ll want to pay close attention to see how price trades around the monthly open.
Plenty of macro news and earnings on tap but AAPL’s earnings on Tuesday and Wednesday’s FOMC will be front in center for investor and traders.
In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA EEM TSX TLT GLD XAUUSD BTCUSD TOTAL UKOIL EEM KRE BPOP SMH INTC AAPL EA for the week of July 29 – August 2, 2019.