In this weekend’s analysis, we take a look at the short term price support on the EMA (50) for SPY and QQQ but resistance for XBI. The biotech chart is a great example of using the TrendSpider indicator alert when the price action hit the EMA (50) was and rejected hard to the downside. Learn more below!
Weekend Video Analysis
SPY: Daily vs. Weekly Chart
QQQ: Daily vs. Weekly Chart
XBI: Daily vs. Weekly Chart
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This post is not investment advice it is for informational purposes only and is not investment advice.