Weekly Recap With Technical Analysis (Oct.5-Oct.10)

Another roller coaster week, I’m a little tired of trying to keep up with the “big news”, because nothing lasts more than 30 seconds. The situation is still fluid, and we are three weeks away from November, hopefully, that will remove a lot of the overhang.
A quick recap of the headline news:

  • Last Friday, we saw a heavy sell-off in reaction to the positive COVID news. But the market bounced off of 3320 levels and rallied. It was a major shock to the market as people wait for a bit more visibility into this complete…