July 27th Weekend Chart Patterns
Charting out trends in key Index ETFs
A major rotation continues in the US market, with money moving out of mega-cap Magnificent 7 stocks into Small Caps and Crypto. QQQ was down 2.6% last week, whereas IWM was up 3.4% and $BTCUSD up 1.35%.
SPY broke above the rising channel (from October 2022 low) in June 2024, as it climbed a trend line with steeper slope off April 2024 low. It broke belo…
