Chart Reading

$SPY Chart Pull Back or the Beginning of a Bigger Decline?

This is a Guest Post by Troy Bombardia of BullMarkets.co. Market outlook: Is this the start of a much bigger decline? With the stock market falling on trade war fears, the pullback/correction that many traders have waited for has finally arrived. Considering that this pullback is so close to the October 2018 high, many traders

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Bullish Patterns Versus the Bearish Indicators on the Charts

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

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TrendSpider

How to Use Multiple Time Frame Analysis on a Chart

This is a Guest Post by Jake Wujastyk of @TrendSpider One of the main things that make TrendSpider unique to other platforms is the ability to overlay charts from other timeframes onto a single chart. In this User Guide post, we take a look at how to use multiple timeframes in your analysis when using the

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$SPY Chart: Head and Shoulders Versus All Time Highs

This is a Guest Post by Troy Bombardia of BullMarkets.co. The stock market’s relentless rally continues. The S&P 500 (excluding dividends) is just 1% from a new all-time high, while the S&P 500 Total Return Index (including dividends) is already at an all-time high. While the chart may “look like” a bearish head-and-shoulders pattern, these

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Is Macro Weakness Offset by Bullish Price Action?

This is a Guest Post by Troy Bombardia of BullMarkets.co. The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long term risk:reward is no longer bullish. The medium term direction (e.g. next 6-9 months) is mostly mixed, although there is a

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Why the Bull Market Will End with a Whimper, Not A Bang

This is a Guest Post by Troy Bombardia of BullMarkets.co.   The S&P 500 has finally started a pullback after a multi-week win streak. Meanwhile, macro data remains without significant deterioration. The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long

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