December 22, 2018 |

Sunday Update Week of December 24th – Happy Holidays!

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 take a look at the broad markets after the long-term “thread” we talked about last weekend, broke with a vengeance. Click here to take a look at the chart analysis from last week and see how we did!

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:


Related Blog Posts

  1. Alerts – Add alerts to your trendlines and indicators with sensitivity.
  2. Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  3. Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.

QQQ: Before vs. After

This weekend’s “Before and After” shows QQQ breaking down through the symmetrical wedge with a bounce right at the support level below before continuing to break down into the end of the week. Click here to learn all about setting alerts for any trendline or upper indicator you chose!

Before

After


Timestamps Captured This Week

MU

BTC.X

NBEV


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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.