Strangelove', d Getty ImagesThe stock market last week was not impressed by the start of the earnings season. Spyder Trust TomAspray - ViperReport.comThis is because the daily top formations have not yet been fully completed in the market-leading Spyder Trust (SPY) and the Invesco QQQ Trust (QQQ). QQQ Tom Aspray- ViperReport.comLast week, the Invesco QQQ Trust (QQQ) pushed above its monthly R1 resistance at $363.68 on Tuesday and Wednesday before closing the week at $357.60. The A/D line dropped below its most recent low at the end of the week (line d), which confirms the divergence. The Nasdaq 100 A/D line dropped below its WMA one day after the high (line b), and also violated its uptrend (line e).

Source: Forbes July 18, 2021 19:41 UTC