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 continued moves to the upside, with SPY, QQQ, and XBI all closing at or near the longer-term 20-week simple moving average resistance. As the market has not been phased by the government shutdown, the weekly SMA (20) is the only “wall” the market needs to pay attention to.
A prepared trader is 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. This weekend, we take a look at how the charts look for SPY, QQQ, and XBI into the short holiday week! As we take a look at the Fibonacci levels on these charts, check out our recently published blog post about who Fibonacci was and how he came up with these levels! Click here to read the full story!
A prepared trader is 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. This weekend, we are focusing on the absolute bloodbath that occurred in the broad markets and will recap how last weekend’s charts performed. This analysis proves looking at multiple time frames is crucial as the daily and weekly candles were showing two separate things. The longer-term, bearish set up ended up winning over last week.
TrendSpider is happy to announce a new feature created to make your life a little easier when trading. Have you ever had an alert set (either a mental alert or actual alert on TrendSpider) that the price missed by only a few cents and you completely missed the price reversal or either a buy or sell? We know how you feel… That is why we created the “Sensitivity Control” feature for our Dynamic Price Alerts which allows users to add a margin of error or “cushion” to their alerts. See what we mean by checking out the video below!
In this week’s strategy guide blog post, we tackle head on one of the biggest misconceptions about the TrendSpider platform, which is that the system only shows trendlines that the system is programmed to find. In reality, TrendSpider is a customizable tool and the settings on the system can be completely customizable and configured to look for trendlines however you prefer. As everyone’s trading strategy and technical analysis strategy is a little different, each trader may find their ideal settings to be slightly (or even completely) different than what we show in this video.