07/05/2019 | by Jake Wujastyk

Market Update Into 7/8: $SPY Breaks Out While Others Stay Put

BlogPrepare for the Trading WeekMarket Update Into 7/8: $SPY Breaks Out While Others Stay Put

In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the second 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 Video Analysis: Sunday Webinar with BrecherTrading

Watch here!

$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 Trendline Alerts

In this weekend’s “Before and After”, we take a look at QQQ testing the trendline resistance above and the trendline alert firing on the 10-minute chart close. To learn more about these unique alerts, click here.

Before

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

After

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

Text Message Sent

TrendSpider Trendline Alert: "TrendSpider Alert: Resistance Above. Symbol: QQQ,D vs W. Break Through at 189.53. Candle time frame: 10. Chart Type: Raindrop."