$SPY Chart: Bullish Trendlines Versus Signs of Risk Off

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


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  3. Multi-time frame analysis (MTFA) Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  4. Trendline PreferencesCustomize your trendlines to automate a consistent trendline drawing strategy.
  5. Add WatchlistCreate your own watchlist and quickly move through charts with automatic analysis on each!
  6. Automatic Candlestick RecognitionAutomatically 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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