$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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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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