1/27/2020 Stocks slow down this week. Futures point to a significantly lower open tomorrow (Monday) as well

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Hi everyone. It looks like we might finally have the long awaited pullback. Although QQQ barely closed lower this week, the Dow Jones and S&P500 closed quite a bit lower on the week. Notice how the RSI reading on the weekly chart is around 80, which is tied for the highest it has been in the last 5 years. 

QQQ Weekly 1_27_2020

Published by bigfry

Hi, I’m Nathan. I graduated from Boston University in May of 2020. I majored in Finance and minored in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences. Outside of stock trading/investing, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.

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