TrendSpider Thursday Analysis: Negative Divergence Starts to Materialize

In this Thursday analysis, we take a look at the broad market ETFs as they seem to be exhausted at these levels. As usual, biotech has taken the lead with a big move down into Friday’s trading as the bearish candles just started to form on $SPY and $QQQ.

Video Analysis

$SPY: Daily Chart

$QQQ: Daily Chart

$XBI: Daily Chart

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