{"id":2330,"date":"2019-01-21T16:17:53","date_gmt":"2019-01-21T16:17:53","guid":{"rendered":"https:\/\/betaweb2.trendspider.com\/blog\/?p=2330"},"modified":"2024-02-21T08:33:29","modified_gmt":"2024-02-21T13:33:29","slug":"sunday-update-week-of-january-21st-the-markets-hit-the-weekly-sma-20-wall","status":"publish","type":"post","link":"https:\/\/trendspider.com\/blog\/sunday-update-week-of-january-21st-the-markets-hit-the-weekly-sma-20-wall\/","title":{"rendered":"Market Update Into 1\/21: The Markets Hit the Weekly SMA (20) &#8220;Wall&#8221;"},"content":{"rendered":"<p>A prepared trader is generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week\u2019s price action. In this weekend&#8217;s analysis, we take a look at the broad markets after continued moves to the upside, with $SPY, $QQQ, and $XBI all closing at or near the longer-term 20-week simple moving average resistance. As the market has not been phased by the government shutdown, the weekly SMA (20) is the only &#8220;wall&#8221; the market needs to pay attention to.<\/p>\n<p><!--more--><\/p>\n<h2>$SPY: Daily Candle w\/ Weekly Overlays<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2454 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-1.42.37-PM-1024x609.png\" alt=\"$SPY daily chart with weekly overlays.\" width=\"1024\" height=\"609\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-1.42.37-PM-1024x609.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-1.42.37-PM-300x178.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-1.42.37-PM-768x456.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>Video Analysis:<\/h3>\n<div class=\"epyt-video-wrapper\">\n<div  data-ep-a=\"pulse\"  id=\"_ytid_92103\"  width=\"480\" height=\"270\"  data-origwidth=\"480\" data-origheight=\"270\"  data-relstop=\"1\" data-facadesrc=\"https:\/\/www.youtube.com\/embed\/ys4vuEqwnv0?enablejsapi=1&#038;origin=https:\/\/trendspider.com&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=3&#038;loop=0&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;disablekb=0&#038;\" class=\"__youtube_prefs__ epyt-facade  epyt-is-override  no-lazyload\" data-epautoplay=\"1\" ><img decoding=\"async\" data-spai-excluded=\"true\" class=\"epyt-facade-poster skip-lazy\" loading=\"lazy\"  alt=\"TrendSpider Weekend Update: SPY\"  src=\"https:\/\/i.ytimg.com\/vi\/ys4vuEqwnv0\/maxresdefault.jpg\"  \/><button class=\"epyt-facade-play\" aria-label=\"Play\"><svg data-no-lazy=\"1\" height=\"100%\" version=\"1.1\" viewBox=\"0 0 68 48\" width=\"100%\"><path class=\"ytp-large-play-button-bg\" d=\"M66.52,7.74c-0.78-2.93-2.49-5.41-5.42-6.19C55.79,.13,34,0,34,0S12.21,.13,6.9,1.55 C3.97,2.33,2.27,4.81,1.48,7.74C0.06,13.05,0,24,0,24s0.06,10.95,1.48,16.26c0.78,2.93,2.49,5.41,5.42,6.19 C12.21,47.87,34,48,34,48s21.79-0.13,27.1-1.55c2.93-0.78,4.64-3.26,5.42-6.19C67.94,34.95,68,24,68,24S67.94,13.05,66.52,7.74z\" fill=\"#f00\"><\/path><path d=\"M 45,24 27,14 27,34\" fill=\"#fff\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<hr \/>\n<h2>$QQQ: Daily Candle W\/ Weekly Overlays<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2453 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/QQQ-Jan-20-1024x610.png\" alt=\"$QQQ daily chart with weekly overlays.\" width=\"1024\" height=\"610\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/QQQ-Jan-20-1024x610.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/QQQ-Jan-20-300x179.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/QQQ-Jan-20-768x458.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>Video Analysis:<\/h3>\n<div class=\"epyt-video-wrapper\">\n<div  data-ep-a=\"pulse\"  id=\"_ytid_21828\"  width=\"480\" height=\"270\"  data-origwidth=\"480\" data-origheight=\"270\"  data-relstop=\"1\" data-facadesrc=\"https:\/\/www.youtube.com\/embed\/67u6ohnrTxs?enablejsapi=1&#038;origin=https:\/\/trendspider.com&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=3&#038;loop=0&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;disablekb=0&#038;\" class=\"__youtube_prefs__ epyt-facade  epyt-is-override  no-lazyload\" data-epautoplay=\"1\" ><img decoding=\"async\" data-spai-excluded=\"true\" class=\"epyt-facade-poster skip-lazy\" loading=\"lazy\"  alt=\"TrendSpider Weekend Update: QQQ\"  src=\"https:\/\/i.ytimg.com\/vi\/67u6ohnrTxs\/maxresdefault.jpg\"  \/><button class=\"epyt-facade-play\" aria-label=\"Play\"><svg data-no-lazy=\"1\" height=\"100%\" version=\"1.1\" viewBox=\"0 0 68 48\" width=\"100%\"><path class=\"ytp-large-play-button-bg\" d=\"M66.52,7.74c-0.78-2.93-2.49-5.41-5.42-6.19C55.79,.13,34,0,34,0S12.21,.13,6.9,1.55 C3.97,2.33,2.27,4.81,1.48,7.74C0.06,13.05,0,24,0,24s0.06,10.95,1.48,16.26c0.78,2.93,2.49,5.41,5.42,6.19 C12.21,47.87,34,48,34,48s21.79-0.13,27.1-1.55c2.93-0.78,4.64-3.26,5.42-6.19C67.94,34.95,68,24,68,24S67.94,13.05,66.52,7.74z\" fill=\"#f00\"><\/path><path d=\"M 45,24 27,14 27,34\" fill=\"#fff\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<hr \/>\n<h2>$XBI: Daily Candle w\/ Weekly Overlays<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2455 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-2.05.14-PM-1024x608.png\" alt=\"$XBI daily chart with weekly overlays.\" width=\"1024\" height=\"608\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-2.05.14-PM-1024x608.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-2.05.14-PM-300x178.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-20-at-2.05.14-PM-768x456.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>Video Analysis:<\/h3>\n<div class=\"epyt-video-wrapper\">\n<div  data-ep-a=\"pulse\"  id=\"_ytid_29388\"  width=\"480\" height=\"270\"  data-origwidth=\"480\" data-origheight=\"270\"  data-relstop=\"1\" data-facadesrc=\"https:\/\/www.youtube.com\/embed\/uzz9dXXeM0c?enablejsapi=1&#038;origin=https:\/\/trendspider.com&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=3&#038;loop=0&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;disablekb=0&#038;\" class=\"__youtube_prefs__ epyt-facade  epyt-is-override  no-lazyload\" data-epautoplay=\"1\" ><img decoding=\"async\" data-spai-excluded=\"true\" class=\"epyt-facade-poster skip-lazy\" loading=\"lazy\"  alt=\"TrendSpider Weekend Update: XBI\"  src=\"https:\/\/i.ytimg.com\/vi\/uzz9dXXeM0c\/maxresdefault.jpg\"  \/><button class=\"epyt-facade-play\" aria-label=\"Play\"><svg data-no-lazy=\"1\" height=\"100%\" version=\"1.1\" viewBox=\"0 0 68 48\" width=\"100%\"><path class=\"ytp-large-play-button-bg\" d=\"M66.52,7.74c-0.78-2.93-2.49-5.41-5.42-6.19C55.79,.13,34,0,34,0S12.21,.13,6.9,1.55 C3.97,2.33,2.27,4.81,1.48,7.74C0.06,13.05,0,24,0,24s0.06,10.95,1.48,16.26c0.78,2.93,2.49,5.41,5.42,6.19 C12.21,47.87,34,48,34,48s21.79-0.13,27.1-1.55c2.93-0.78,4.64-3.26,5.42-6.19C67.94,34.95,68,24,68,24S67.94,13.05,66.52,7.74z\" fill=\"#f00\"><\/path><path d=\"M 45,24 27,14 27,34\" fill=\"#fff\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<hr \/>\n<h2>$AMZN: Before vs. After<\/h2>\n<p>This weekend&#8217;s &#8220;Before and After&#8221; shows $AMZN bouncing hard off the lower Bollinger Band (R) on the daily candle with a very strong move up to test and breakthrough the EMA (50) and then continued up to test the channel resistance above before continuing the move up. To learn more about Bollinger Bands (R), check out our blog post <a href=\"https:\/\/trendspider.com\/blog\/trendspider-strategy-guide-bollinger-band-trading-strategies\/\">here<\/a>.<\/p>\n<h3>Before<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2331 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.18-AM-1024x609.png\" alt=\"&quot;Before&quot; chart showing $AMZN bouncing hard off the lower Bollinger Band (R).\" width=\"1024\" height=\"609\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.18-AM-1024x609.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.18-AM-300x178.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.18-AM-768x457.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>After<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2332 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.27-AM-1024x610.png\" alt=\"&quot;After&quot; chart showing $AMZN bouncing hard off the lower Bollinger Band (R).\" width=\"1024\" height=\"610\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.27-AM-1024x610.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.27-AM-300x179.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-12-at-11.02.27-AM-768x458.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<hr \/>\n<h2>Timestamps Captured This Week<\/h2>\n<h3>$TLRY<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2440 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.14.19-PM-1024x786.png\" alt=\"$TLRY chart timestamp.\" width=\"1024\" height=\"786\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.14.19-PM-1024x786.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.14.19-PM-300x230.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.14.19-PM-768x589.png 768w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.14.19-PM.png 1392w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>$CHK<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" zoooom alignnone wp-image-2442 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.15.33-PM-1024x815.png\" alt=\"$CHK chart timestamp.\" width=\"1024\" height=\"815\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.15.33-PM-1024x815.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.15.33-PM-300x239.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.15.33-PM-768x611.png 768w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.15.33-PM.png 1398w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>$FB<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2444 size-large\" src=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.17.48-PM-1024x791.png\" alt=\"$FB chart timestamp.\" width=\"1024\" height=\"791\" srcset=\"https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.17.48-PM-1024x791.png 1024w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.17.48-PM-300x232.png 300w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.17.48-PM-768x593.png 768w, https:\/\/trendspider.com\/blog\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-19-at-12.17.48-PM.png 1390w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prepared trader is generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week\u2019s price action. In this weekend&#8217;s analysis, we take a look at the broad markets after continued moves to the upside, with $SPY, $QQQ, and $XBI all closing at [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daextamp_enable_autolinks":"","wds_primary_category":0,"footnotes":""},"categories":[34],"tags":[89,145,9,146,38,717,17],"class_list":["post-2330","post","type-post","status-publish","format-standard","hentry","category-prepare-for-trading","tag-amzn","tag-qqq","tag-spy","tag-xbi","tag-bollinger-bands","tag-exponential-moving-average-ema","tag-multi-time-frame-analysis-mtfa"],"acf":[],"featured_media_array":false,"featured_media_url":false,"categories_list":"Prepare for the Trading Week","_links":{"self":[{"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/posts\/2330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/comments?post=2330"}],"version-history":[{"count":25,"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/posts\/2330\/revisions"}],"predecessor-version":[{"id":15647,"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/posts\/2330\/revisions\/15647"}],"wp:attachment":[{"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/media?parent=2330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/categories?post=2330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trendspider.com\/blog\/wp-json\/wp\/v2\/tags?post=2330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}