07/12/2019 | by Jake Wujastyk

Market Update Into 7/15: The Melt-Up Begins?

BlogPrepare for the Trading WeekMarket Update Into 7/15: The Melt-Up Begins?

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

Sunday Webinar with Bob Desmond

Watch the recording here.

$SPY: Daily vs. Weekly Chart

$SPY daily and weekly charts.

$QQQ: Daily vs. Weekly Chart

$QQQ daily and weekly charts.

$CEI: The Power of Trendline Alerts

In this weekend’s “Before and After”, we take a look at CEI which had a massive move on Tuesday. In this image, you can see the price action did not make it exactly to the falling wedge resistance above but the sensitivity alert caught the reversal and alerted the user, to learn more click here.

Before

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

After

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

More Detailed View

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

Text Message Sent

TrendSpider Trendline Alert: "TrendSpider Alert: Falling Wedge Resistance. Symbol: CEI,D vs W. Touch at 5.11. Candle time frame: 5. Chart Type: hollowcandles."