This is a guest post by Jake @TrendSpider.
In this blog post, make sure to check out the top 5 TrendSpider charts posted this week on social media as well as the weekend video going over the broad markets and case studies from last week! Happy Memorial Day!
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Bitcoin $BTCUSD has found buyers at the VWAP from June high so far, if that fails the bigger level of interest is 7200-7000 which is where the VWAPs from 2020 high & low are located, a pullback to that level would also set up a potential inv H&S pattern https://t.co/hRLtUwy5ho
— Brian Shannon, CMT (@alphatrends) May 21, 2020
— Ben (@PatternProfits) May 22, 2020
$SPY $SPX Approaching big spot. Price has definitely respected this 40 week / 200 day MA in the past as shown. Also lines up w resistance from summer & early fall of 19. Soon we’ll see if it matters. pic.twitter.com/WZV9Hcooqh
— Gregory Krupinski (@G_krupins) May 20, 2020
Another top watch rest of week will be this $KO breaking the down trend via Daily and Notable High Volume Close in the #RainDrop Candle. Also make note of the #VolumeAccumulation this week. pic.twitter.com/5pe8vFywke
— Stock_Hunter (@Stock_Hunter89) May 21, 2020
— Scott Smith (@livetradepro) May 22, 2020
SPY: Daily vs. Weekly Chart
QQQ: Daily vs. Weekly Chart
IWM: Daily vs. Weekly Chart
Check out our supplemental blog posts below:
- Alerts – Add alerts to your trendlines and indicators with sensitivity.
- Raindrops – Visualize volume and price action in a completely new way by visualizing volume flow throughout a specific time period.
- Conditional Criteria Alerts – Create complex conditions to be met between a mix of lower indicators and price action.
- Multi-time frame analysis (MTFA) – Overlay your chart a secondary timeframe with on trendlines, indicators, and Fibonacci levels.
- Trendline Preferences – Customize your trendlines to automate a consistent trendline drawing strategy.
- Add Watchlist – Create your own watchlist and quickly move through charts with automatic analysis on each!
- 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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