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Sunday Update Week of July 1st – Broad Market Updates

In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the first week of July.  To learn more about Raindrop charts and the platform in general, make sure to check out all of our User Guides.

Weekend Video Analysis: Broad Market ETFs

 


SPY: Daily vs. Weekly Chart

QQQ: Daily vs. Weekly Chart

XBI: Daily vs. Weekly Chart


QQQ: The Power of the Blue Raindrop

In this weekends “Before and After”, we take a look at QQQ breaking down after a blue Raindrop formed on the daily last Friday. Make sure to check out how to read a raindrop here and why this particular color is extra important!

Before

After


Related Blog Posts

  1. Alerts – Add alerts to your trendlines and indicators with sensitivity.
  2. Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
  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!

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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.