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03/07/2019 |

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.

Video Analysis

TrendSpider Thursday Update: Breaking Down Through the SMA (20)

$SPY: Daily Chart

$SPY chart.

$QQQ: Daily Chart

$QQQ chart.

$XBI: Daily Chart

$XBI chart.