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Sunday Update Week of December 31st – A Wild End to 2018

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!

A Quick Note on Futures Data:

Futures data will no longer be supported by the TrendSpider system starting January 1st, 2019. We will explore bringing futures back once we have been able to implement this into the platform fully. If you have any questions at all, please reach out to the TrendSpider team at hello@trendspider.com. 

SPY: Daily Candle

Video Analysis:


QQQ: Daily Candle

Video Analysis:


XBI: Daily Candle

Video Analysis:


Related Blog Posts

  1. Alerts – Add alerts to your trendlines and indicators with sensitivity.
  2. Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
  3. Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.

OMED: Before vs. After

This weekend’s “Before and After” shows OMED bouncing off the channel support after divergence formed on the Williams % Range and the MACD was showing a strong curl into mid-week. Click here to learn how to add alerts to your charts so you don’t have to stare and wait for the move all day!

Before

After


Timestamps Captured This Week

NFLX

AMZN

OMED


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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.