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 in this week’s user guide!
Weekend Video Analysis
SPY: Daily vs. Weekly Chart
QQQ: Daily vs. Weekly Chart
XBI: Daily vs. Weekly Chart
TEUM: Before vs After
In this weekend’s before and after, the daily raindrop “Before” showed heavy selling into the second half of the day with new lows created. The “After” shot shows the continuation down to the alert area below before a dead cat bounce commenced and then continued it’s HARD drop down. Learn more about raindrops and sensitivity alerts in the User Guide.
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/
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!
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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.