At TrendSpider, we are constantly working on adding new, useful features to our platform as well as updating and improving the ones we currently have. In this blog post, we look at fixes to a few features and a few additions to our indicators list. To get the full list of changes in early January, please continue reading.
A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. In this weekend’s analysis, we take a look at the broad markets after the first moves into 2019. After a rather sluggish start, Friday proved that there are some bulls still left in the equation. Will the bullish momentum continue into the rest of the month of January? Check out the charts in this blog to see how they look!
Technical analysis has been used since the 1900s to predict stock market prices. Unlike fundamental analysis, market technicians believe that all available information is already reflected in a stock price, and day-to-day market fluctuations are more a function of human emotion (fear and green) than changes in the underlying value of a company.
Thursday’s are a great day to observe how the final day of the week may close out by looking at the daily and weekly candle setup into Friday. As the markets have started 2019 with everything but a “bang”, more downside looks to be possible based on the current setup that has returned big downside within the current price channels.
A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. In this weekend’s analysis, we take a look at the broad markets after some of the most volatile swings we have seen in many years on both the upside and downside. These types of moves bring back memories of the volatility seen in the financial crisis of 2007-2009. Will the New Year bring new capital into the markets or was mid-week move up just a dead-cat bounce? Happy New Year to all, we look forward to a very exciting 2019!