$SPY Chart: Bullish Trendlines Versus Signs of Risk Off

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This is a Guest Post by @TrendSpider and originally appeared on their TrendSpider Blog.

 

In this weekend’s blog post, we take a look at the broad market ETFs pushing higher as some of the lower indicators and more speculative ETF’s show “risk off” mode may be kicking back in. However, the trendlines above on SPY and QQQ suggest a continued grind higher may continue as bears try to call the top.

Weekend Video Analysis

SPY: Daily vs. Weekly Chart

$SPY Chart: Bullish Trendlines Versus Signs of Risk Off

 

QQQ: Daily vs. Weekly Chart

$SPY Chart: Bullish Trendlines Versus Signs of Risk Off

XBI: Daily vs. Weekly Chart

$SPY Chart: Bullish Trendlines Versus Signs of Risk Off

Related Blog Posts

  1. Alerts – Add alerts to your trendlines and indicators with sensitivity.
  2. Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
  3. Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  4. Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
  5. Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
  6. Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!

Best,

Jake @TrendSpider

TrendSpider is the world’s first and only AI-enhanced charting platform designed from the ground-up to help market technicians be more consistent, competitive and efficient. Click here for more information. 

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