TrendSpider Thursday Analysis: A Break Through the SMA (20)
In this Thursday’s analysis, we take a look at the broad market ETFs as all three broke down through the daily SMA (20) today. Is this a technical fakeout before the next leg up or is the increasing volume a sign this may continue? To get a view of what the charts looked like before Monday’s open, take a look at last weekend’s blog post here.
$SPY: Daily Chart
$QQQ: Daily Chart
$XBI: Daily Chart