12/03/2018 |
Market Update Into 12/10: Volatility an Understatement
A prepared trader is generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. The theme remains the same after the first week of December, volatile… We are big believers in going back and looking at previous analyses to see which patterns materialized, which patterns did not, and what we can learn from the chart moving forward. In this weekend’s analysis, we follow up from the “Thursday Analysis” last week.
A Quick Note on Futures Data:
Futures data will no longer be supported by the TrendSpider system starting January 1st, 2019. We will explore bringing futures back once we have been able to implement this into the platform fully. If you have any questions at all, please reach out to the TrendSpider team at hello@trendspider.com.
$SPY: Daily vs. Weekly
Video Analysis:
$QQQ: Daily vs. Weekly
Video Analysis:
$XBI: Daily vs. Weekly
Video Analysis:
$OGEN: Before vs. After
This weekend’s “Before and After” shows the S&P 500 ETF, $SPY, trading in a very distinct price channel on the weekly candle. Due to this setup, we created an alert below to let us know when the price enters into the purple shaded “alert area”. The alert worked perfectly and price bounced hard into the last week of November. To learn more about our price alerts and how to set them up, please click here.
Before
After
Mobile Alert Sent
Timestamps Captured This Week
$MU
$QQQ
$CHK
$CRMD
