03/08/2019 | by Brad Ritter

Market Update Into 3/11: The First Sign of Volatility in 2019

BlogPrepare for the Trading WeekMarket Update Into 3/11: The First Sign of Volatility in 2019

In this weekend’s blog post, we take a look at the broad market ETFs into Monday. The weekly candles held the SMA (20) on both $SPY and $QQQ but $XBI closed through this area and could be telling for what’s coming next week.

Weekend Video Analysis

TrendSpider Weekend Update: Volatility Returns

$SPY: Weekly Chart

$SPY weekly chart.

$QQQ: Weekly Chart

$QQQ weekly chart.

$XBI: Weekly Chart

$XBI weekly chart.

$CLF: Before vs. After

The weekend’s “before” and “after” shows $CLF breaking down through the wedge support with the trendline alert going off and notifying the move through text message. This game-changing feature allows users to create sensitivity levels around trendlines and alerts. To learn more about creating your first alert, click here.

Before

$CLF "before" chart showing it breaking down through the wedge support with the trendline alert going off and notifying the move through text message.