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

In this weekend’s weekend analysis using the TrendSpider charting platform, we take a look at the broad market ETF’s ripping to new highs while the biotech ETF continues to lag behind. Is the bearish weekly MACD on biotech a sign of things to come or is the market ready for higher levels as the China trade deal outcome possibly approaches.

Weekend Video Analysis


SPY: Daily vs. Weekly Chart


QQQ: Daily vs. Weekly Chart


XBI: Daily vs. Weekly Chart

 


Related Blog Posts

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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 like to check this charting service out-https://www.trendspider.com/

You can also follow them on Twitter here-> @TrendSpider

This post is not investment advice it is for informational purposes only.