Market Update Into 12/31: A Wild End to 2018
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. In this weekend’s analysis, we take a look at the broad markets after some of the most volatile swings we have seen in many years on both the upside and downside. These types of moves bring back memories of the volatility seen in the financial crisis of 2007-2009. Will the New Year bring new capital into the markets or was the mid-week move up just a dead-cat bounce? Happy New Year to all, we look forward to a very exciting 2019!
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 Candle
$QQQ: Daily Candle
$XBI: Daily Candle
$OMED: Before vs. After
This weekend’s “Before and After” shows $OMED bouncing off the channel support after divergence formed on the Williams % Range and the MACD was showing a strong curl into mid-week. Click here to learn how to add alerts to your charts so you don’t have to stare and wait for the move all day!
Timestamps Captured This Week