This is a Guest Post by Jake @TrendSpider.
In this weekend’s analysis, we take a look at the broad market ETFs and how the “Raindrops” are looking into next week. Learn more about Raindrop charts and the platform in general, make sure to sign up for our webinar this Sunday evening at 6 PM EST! Click here to sign up!
Weekend Video Analysis
SPY: Daily vs. Weekly Chart
QQQ: Daily vs. Weekly Chart
XBI: Daily vs. Weekly Chart
XLF: The Power of the Blue Raindrop
In this weekend’s before and after, we take a look at a very cool “Before, Middle, and After”. In this image, you can see a blue raindrop form on the falling wedge support with a strong breakout afterward. Once the move has been made, a blue Raindrop (TM) then forms right at the 23.6% Fib level which triggers the sensitivity alert that was on this area. A pullback then takes place to the 38.2% level below.
Before
Middle
After
Related Blog Posts
- Alerts – Add alerts to your trendlines and indicators with sensitivity.
- Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
- Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
- Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
- Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
- Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!
TrendSpider is a new type of charting platform designed to help active traders make smarter trading decisions by automating the grunt work they normally do by hand. It is the first (and only) charting system to offer a fully-customizable automation engine and patent-pending dynamic price alerts on indicators, trendlines and complex multi-conditional criteria on top of a charting system. Through these features and others, TrendSpider helps active traders find better trade setups, faster, with greater accuracy, while improving their trade timing. Here is the link to check this charting service out—–-> https://www.trendspider.com/
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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.