Broad Market ETF Analysis

[TrendSpider_Jake]

A look at SPY, QQQ, and XBI into next week with the full video analysis in the link here. The weekly hammer was caught by the TrendSpider pattern recognition feature with big moves up after previous hammers over the last two years.

 

[TrendSpider_Jake]

SPY chart with the daily RSI crossing through the weekly RSI shown by the two green circles on the daily chart.

 

[TrendSpider_Jake]

QQQ chart with a very lopsided inverse head and shoulders trying to form.

 

[cvds16]

if you really think there is predictive value in such simple patterns you haven't been around long enough ....