A prepared trader is a 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. In this weekend’s analysis, we follow up from the Sunday Analysis last week and look at how the broad market ETFs did. Overall, long-term support that was analyzed last weekend remains in-tact but is holding onto a thread. See what we mean and check out the video analysis for the week ahead!
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 email@example.com.
SPY: Daily vs. Weekly
QQQ: Daily vs. Weekly
XBI: Daily vs. Weekly
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- Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
NLST: Before vs. After
This weekend’s “Before and After” shows NLST trading within a very defined wedge and moving between support and resistance perfectly. In this case, the price moved up sharply to the wedge resistance above and closed as a “Shooting Star” formation which was caught by the TrendSpider “Candlestick Pattern Recognition” feature. Once this bearish candlestick closed, a hard drop in price followed down to the wedge support, forming a bullish hammer candlestick which was also caught in “Pattern Recognition” mode.
Trendline Preferences Used
Timestamps Captured This Week
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