Sunday Update Week of April 15th – All Time Highs Within Reach for SPY and QQQ

In this weekend’s blog post, we take a look at the broad market ETFs pushing higher as some of the lower indicators and more speculative ETF’s show “risk off” mode may be kicking back in. However, the trendlines above on SPY and QQQ suggest a continued grind higher may continue as bears try to call the top.

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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  3. Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  4. Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
  5. Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
  6. Automatic Candlestick Recognition – Automatically input your favorite candlestick patterns into the system and have TrendSpider find all the ones on your current chart!

CLF: Before vs. After

This weekend’s “before” and “after” shows CLF starting to breakdown after a large selling candle on the daily. In order to keep track of price action without having to stare at the chart all day, a medium sensitivity alert was created on the SMA (20) below and then was triggered the next day after price action continued to fall.

Before

After

Email Alert Sent


Timestamps Captured

ETH.X

CHK

TWTR


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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.