7 wonders of the qorld

Witchy things communitea photos are a popular trend on social media platforms, particularly Instagram. This trend involves individuals sharing photos of their witchy items, such as crystals, tarot cards, candles, and herbs, arranged in aesthetically pleasing compositions. The term "communitea" is a play on words, combining the words "community" and "tea" to represent the idea of a community of individuals who have a shared interest in witchy practices. Tea is often associated with witchcraft and rituals, making it a fitting word to include in the trend's name. These photos typically feature carefully curated arrangements of witchy objects, often against a backdrop of mystical or natural elements, such as moonlight, forests, or starry skies. The goal is to create visually appealing images that evoke a sense of magic and mystery.

Quadruple witching is a market day when single stock options, stock index options, single stock futures, and stock index futures all expire. Quadruple witching days typically see above-average trading volume, although this volume isn’t necessarily accompanied by above-average volatility.

Stock index options are similar to single stock options, except that they represent an entire stock index such as the S P 500 instead of an individual stock. The derivatives involved in quadruple witching are often used for hedging and represent small holdings relative to the stock positions that many institutional investors maintain.

The goal is to create visually appealing images that evoke a sense of magic and mystery. In addition to the visual aspect, these photos often serve as a means of self-expression and a way for individuals to share their experiences and knowledge about witchcraft. Many users include informative captions that explain the significance and uses of the items featured in the photo.

What is Triple Witching Day - and Should You Worry About It?

Friday was triple witching day, meaning that stock options, stock index options and stock futures contracts were all due to expire. This happens four times a year and can lead to increased volume, as money is moved around resulting in sometimes unusual (or spooky) price action.

The S&P 500 (SPY), Nasdaq 100 (QQQ) and Dow Jones (DIA) all closed under their previous day's close, while the Russell 2000 (IWM) held over its previous day close. The odd behavior of these 3 indices on a triple witching day leads me to believe they might be the witches of today's market.

This reminds me of a great satirical movie called Monty Python and the Holy Grail, which in one scene depicted the 13th century townsfolk using common logic to figure out if someone is a witch. They decide that, because it's common practice to burn witches, witches must burn because they are made of wood.

Wood floats on water. Ducks also float on water. Therefore, if a person weighs the same as a duck, they are a witch! (Here is a link to the clip. )

With that said, we should listen to what the indices have to say and decide for ourselves whether it's meaningful or if they are speaking in tongues.

The QQQs broke to new highs last Wednesday when it cleared 308.60. Though it dipped to 307.61 Friday, QQQs closed over the 308.60 support area.

SPY was also able to hold an important support level from the 10-day moving average at 368.50. Below that is support from the previous week's low at 363.26.

The DIA is also holding over its 10-DMA at 301.50, which means it's safe for now. Also seemingly safe, the IWM sits not far from the highs and is currently above the 10-DMA.

It looks as though the indices have passed their witch trial. for now. A break of their key support levels would make them questionable and give us reasons (as in Monty Python) to weigh them against a duck.

Of course as the market obviously weighs considerably more than a duck, we do believe that the Friday sell-off could be nothing more than a one day event.

Mish covers "Fast and Fast Casual" food in this week's episode of StockCharts TV's Mish's Market Minute. Taking a deeper look into stocks that are disrupting the food market by using technology to enhance the consumers experience. These stocks are investing in things such as: app ordering, prediction of order based on license plate scanning, automated ordering, different payments methods, and much more.

• S&P 500 (SPY): Support 363.26 if can't hold the 10-DMA at 368.50
• Russell 2000 (IWM): Support 192.03 the 10-DMA
• Dow (DIA): 298.68 support. 303.80 to clear
• Nasdaq (QQQ): Holding over 308.60, with more support the 10-DMA at 306.26
• KRE (Regional Banks): Resistance 200-week moving average 52.70 to clear. Support 48.48
• SMH (Semiconductors): 221.79 high to clear. Support 210.41. If cant hold, 10-DMA at 216.82
• IYT (Transportation): Looking for a close over the 10-DMA 222.90
• IBB (Biotechnology): 152.13 level to hold. 156.40 high to clear.
• XRT (Retail): 62.16 support

Mish Schneider

Director of Trading Research and Education

Forrest Crist-Ruiz

Assistant Director of Trading Research and Education

About the author: Mish Schneider serves as Director of Trading Education at MarketGauge.com. For nearly 20 years, MarketGauge.com has provided financial information and education to thousands of individuals, as well as to large financial institutions and publications such as Barron’s, Fidelity, ILX Systems, Thomson Reuters and Bank of America. In 2017, MarketWatch, owned by Dow Jones, named Mish one of the top 50 financial people to follow on Twitter. In 2018, Mish was the winner of the Top Stock Pick of the year for RealVision. Learn More

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands.

The trend has gained popularity among both experienced practitioners of witchcraft and those who are simply interested in the aesthetic and symbolism associated with it. It has become a way for individuals to connect with others who share their passion for witchy things and to learn from one another's experiences. Overall, witchy things communitea photos are a creative and visually captivating trend that showcases the beauty and intrigue of witchy practices. They serve as a platform for individuals to express themselves, connect with others, and learn about the world of witchcraft..

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7 wonders of the qorld