HOOD Weekly RecapMarket Structure: Price remained confined within the downtrend, failing to break out. Watching for more macro-positive catalysts that could help push it above the trendline.
Market Bias: The recent pullback aligns with broader market sentiment and may serve as a foundation for a potential move toward previous highs.
BX-Trender: The weekly BX-Trender histogram showed improvement, hinting at a possible reversal on the horizon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.