Market Update Into 7/22: Divergences Galore

07/20/2019| By Brad Ritter

1 min read

In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the last full 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 Broad Market ETF Analysis

$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.

Bitcoin: The Power of Trendline Alerts

In this weekend’s “Before and After”, we take a look at Bitcoin over the last week and a half after a huge move down through multiple levels of support below that triggered the alerts set below. Learn more about our unique Trendline alerts here.

Before

$BTC chart demonstrating the power of TrendSpider's trendline alerts.

Middle

$BTC chart demonstrating the power of TrendSpider's trendline alerts.

After

$BTC chart demonstrating the power of TrendSpider's trendline alerts.

Bounce

$BTC chart demonstrating the power of TrendSpider's trendline alerts.

Text Messages Sent

TrendSpider Trendline Alert: "TrendSpider Alert: S1. Symbol: BTCUSD,D vs none. Touch at 10842.20. Candle time frame: 30. Chart Type: hollowcandles."

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