Index level performance remained fairly resilient even with intraday whipsaw action over the week. Both $RSP -0.55% & $IWM -0.52% have retraced back to their rising 10-MA, while $QQQE -0.64% is supported on its rising 20-MA. $XLY -1.54% experienced the biggest decline at the sectoral level but does not damage its positive technical structure.
Looking ahead to today’s opening, both monthly flash manufacturing and services PMI data will be released at 9.45am ET.
Thanks for reading.
PS: If you enjoy the above curated article, you may follow me on twitter (@jeffsuntrading) to get daily market diary, trading ideas and intermittent reflection on life as a trader.
21/4/2023 Market Diary
-Index level performance remained fairly resilient even with intraday whipsaw over past week
-Both $RSP -0.55% & $IWM -0.52% retraced back to rising 10-MA, $QQQE -0.64% supported on rising 20-MA
– $XLY -1.54% biggest sectoral level decline, but does no… pic.twitter.com/FVGm9p0P6U
— Jeff Sun, CFTe (@jeffsuntrading) April 21, 2023
