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05/04/2019 |

Sunday Update Week of May 6th – All Time Highs In Play with Biotech Lagging

In this weekend’s weekend analysis using the TrendSpider charting platform, we take a look at the broad market ETF’s ripping to new highs while the biotech ETF continues to lag behind. Is the bearish weekly MACD on biotech a sign of things to come or is the market ready for higher levels as the China trade deal outcome possibly approaches.

Weekend Video Analysis

SPY: Daily vs. Weekly Chart

QQQ: Daily vs. Weekly Chart

XBI: Daily vs. Weekly Chart

Related Blog Posts

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XXII: Before vs. After

This weekend’s “before” and “after” shows XXII in a symmetrical wedge setup with price nearing the resistance above into midweek. An alert was created in case price action continued to move up and test this area. The chart shows the alert that was sent through a text message. To learn more about this feature, click here!



Mobile Alert Sent


Timestamps Captured 




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