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06/29/2019 |

Market Update Into 7/1: Broad Market Updates

In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the first week of July.  To learn more about Raindrop charts and the platform in general, make sure to check out all of our User Guides.

Weekend Update: Broad Market ETFs


$SPY: Daily vs. Weekly Chart

$SPY daily and weekly charts.

$QQQ: Daily vs. Weekly Chart

$QQQ daily and weekly charts.

$XBI: Daily vs. Weekly Chart

$XBI daily and weekly charts.


$QQQ: The Power of the Blue Raindrop

In this weekend’s “Before and After”, we take a look at $QQQ breaking down after a blue Raindrop formed on the daily last Friday. Make sure to check out how to read a raindrop here and why this particular color is extra important!

Before

$QQQ "before" chart demonstrating the power of the Blue Raindrop.

After

$QQQ "after" chart demonstrating the power of the Blue Raindrop.