Full details in the video here:
Overall, the markets are looking ready for the next leg up as the Q's have already broken through the head and shoulders resistance zone. A retest of ATH's coming?
The broad markets ETFs are nearing the weekly SMA (50) as XBI closed red this week. Based on the past relationship between these three ETF's, is this a sign into the next few weeks?
Full Video Analysis:
A look at the weekly candle chart with the monthly Bollinger Band overlay. SPY and QQQ have broken through the basis MA but XBI remains below.
Full details: https://www.trendspider.com/blog/sunday-update-week-of-february-4th-a-look-at-the-monthly-overlays/