In this weekend’s blog post, we take a look at the broad markets into next week as SPY continues to look toppy near “All-time highs” as the more speculative ETF play, XBI, continues to breakdown. See what the charts are looking like into next week as well as an example of how our multi-factor alert triggered last week. Easily set your own criteria and have the system watch it for you with the TrendSpider platform! Ready to backtest your strategy next week? Take a look at our brand new “Strategy Tester”!
Weekend Video Analysis
SPY: Daily vs. Weekly Chart
QQQ: Daily vs. Weekly Chart
XBI: Daily vs. Weekly Chart
Related Blog Posts
- Alerts – Add alerts to your trendlines and indicators with sensitivity.
- Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
- Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
- Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
- Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
- Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!
TEUM: Before vs. After
This weekend’s “before” and “after” shows TEUM bouncing hard off a trendline found by the system. This trendline had a sensitivity alert on it and the price actually did not get all the way down to the line. However, the price action did get in the purple area which is where the system will fire an alert to the user.
Email Alert Sent
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