All Time Highs Versus A Bearish Divergence

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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 markets into next week as SPY continues to look toppy near “All-time highs” as the more speculative ETF play, XBI, continues to breakdown. See what the charts are looking like into next week as well as an example of how our multi-factor alert triggered last week. Easily set your own criteria and have the system watch it for you with the TrendSpider platform! Ready to backtest your strategy next week? Take a look at our brand new “Strategy Tester”!

Weekend Video Analysis

SPY: Daily vs. Weekly Chart

All Time Highs Versus A Bearish Divergence

 

QQQ: Daily vs. Weekly Chart

All Time Highs Versus A Bearish Divergence

 

XBI: Daily vs. Weekly Chart

All Time Highs Versus A Bearish Divergence

 

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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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.

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