Here are our comprehensive weekly chart reviews of SPY, QQQ, TLT, GLD and HODL. Not only do we analyze the three chart time frames from the completed week on each ETF, we also analyze the indicators and patterns and, most importantly, we give you the predicted movement direction and percentage of probability of the movement.
DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information — nothing more.
SPY
To analyze the provided chart for SPDR S&P 500 ETF Trust (SPY) across the three time frames (weekly, 2-day, and 195-minute), let’s examine the indicators and chart patterns to predict the future movement over the next week and estimate the percentage possibility of the predicted movement.
Weekly Time Frame
– Trend: The weekly chart shows a clear uptrend with a series of higher highs and higher lows.
– Candles: Recent candles are green, indicating continued bullish momentum.
– Volume: Volume is steady, supporting the upward movement.
2-Day Time Frame
– Trend: The 2-day chart also shows an uptrend with higher highs and higher lows.
– Candles: The recent candles are mostly green, suggesting sustained buying interest.
– Volume: Volume on the 2-day chart is supportive of the upward trend, though it shows some signs of consolidation.
195-Minute Time Frame
– Trend: The 195-minute chart shows an uptrend with a slight consolidation in the most recent candles.
– Candles: Recent candles are mixed, with green candles indicating buying pressure but some small red candles suggesting minor pullbacks.
– Volume: Volume on the 195-minute chart shows buying interest, though it has decreased slightly in the most recent periods.
Indicators and Patterns
1. Heikin Ashi Candles: All three time frames show green Heikin Ashi candles, suggesting an overall bullish sentiment.
2. Trend Line: The upward trend line on all three charts indicates continued bullish momentum.
3. Support Levels: The charts show strong support levels slightly below the current price, which should help sustain the upward movement.
Conclusion and Prediction
Based on the analysis of the three time frames:
– Predicted Direction: Upward movement
– Confidence Level: Given the consistent uptrend across all time frames and the supportive volume, the probability of a continued upward movement over the next week is high.
Percentage Possibility of the Predicted Movement
Considering the strength of the trend and supporting indicators:
– Probability of Upward Movement: 80%
This estimate is based on the consistent bullish signals across multiple time frames, strong support levels, and overall market sentiment. While there may be minor pullbacks, the general direction is likely to remain upward over the next week.
QQQ
To analyze the provided chart for Invesco QQQ Trust (QQQ) across the three time frames (weekly, 2-day, and 195-minute), let’s examine the indicators and chart patterns to predict the future movement over the next week and estimate the percentage possibility of the predicted movement.
Weekly Time Frame
– Trend: The weekly chart shows a clear uptrend with a series of higher highs and higher lows.
– Candles: Recent candles are green, indicating continued bullish momentum.
– Volume: Volume is steady, supporting the upward movement.
2-Day Time Frame
– Trend: The 2-day chart also shows an uptrend with higher highs and higher lows.
– Candles: The recent candles are mostly green, suggesting sustained buying interest.
– Volume: Volume on the 2-day chart is supportive of the upward trend, though it shows some signs of consolidation.
195-Minute Time Frame
– Trend: The 195-minute chart shows an uptrend with a slight consolidation in the most recent candles.
– Candles: Recent candles are mixed, with green candles indicating buying pressure but some small red candles suggesting minor pullbacks.
– Volume: Volume on the 195-minute chart shows buying interest, though it has decreased slightly in the most recent periods.
Indicators and Patterns
1. Heikin Ashi Candles: All three time frames show green Heikin Ashi candles, suggesting an overall bullish sentiment.
2. Trend Line: The upward trend line on all three charts indicates continued bullish momentum.
3. Support Levels: The charts show strong support levels slightly below the current price, which should help sustain the upward movement.
Conclusion and Prediction
Based on the analysis of the three time frames:
– Predicted Direction: Upward movement
– Confidence Level: Given the consistent uptrend across all time frames and the supportive volume, the probability of a continued upward movement over the next week is high.
Percentage Possibility of the Predicted Movement
Considering the strength of the trend and supporting indicators:
– Probability of Upward Movement: 80%
This estimate is based on the consistent bullish signals across multiple time frames, strong support levels, and overall market sentiment. While there may be minor pullbacks, the general direction is likely to remain upward over the next week.
TLT
To analyze the provided chart for iShares 20+ Year Treasury Bond ETF (TLT) across the three time frames (weekly, 2-day, and 195-minute), let’s examine the indicators and chart patterns to predict the future movement over the next week and estimate the percentage possibility of the predicted movement.
Weekly Time Frame
– Trend: The weekly chart shows a downtrend with lower highs and lower lows, but there is a recent attempt to form a base and reverse.
– Candles: Recent weekly candles are green, suggesting a potential reversal or at least a pause in the downtrend.
– Volume: Volume has been steady, indicating some buying interest at these levels.
2-Day Time Frame
– Trend: The 2-day chart also shows signs of a base forming, with recent higher lows and higher highs.
– Candles: The recent candles are green, suggesting some bullish momentum.
– Volume: Volume on the 2-day chart supports the potential upward movement.
195-Minute Time Frame
– Trend: The 195-minute chart shows a recent upward trend with higher highs and higher lows.
– Candles: Recent candles are mixed, with some red candles indicating minor pullbacks.
– Volume: Volume on the 195-minute chart shows buying interest, though it has decreased slightly in the most recent periods.
Indicators and Patterns
1. Heikin Ashi Candles: All three time frames show green Heikin Ashi candles, suggesting an overall bullish sentiment in the short term.
2. Trend Line: The upward trend line on the 195-minute and 2-day charts indicates continued bullish momentum.
3. Support Levels: The charts show strong support levels slightly below the current price, which should help sustain the upward movement.
Conclusion and Prediction
Based on the analysis of the three time frames:
– Predicted Direction: Upward movement
– Confidence Level: Given the formation of a base in the weekly and 2-day charts and the supportive volume, the probability of a continued upward movement over the next week is moderately high.
Percentage Possibility of the Predicted Movement
Considering the strength of the trend and supporting indicators:
– Probability of Upward Movement: 70%
This estimate is based on the recent bullish signals across multiple time frames, strong support levels, and overall market sentiment. While there may be minor pullbacks, the general direction is likely to remain upward over the next week.
GLD
To analyze the provided chart for SPDR Gold Trust (GLD) across the three time frames (weekly, 2-day, and 195-minute), let’s examine the indicators and chart patterns to predict the future movement over the next week and estimate the percentage possibility of the predicted movement.
Weekly Time Frame
– Trend: The weekly chart shows an uptrend, but there has been some recent consolidation and a slight pullback.
– Candles: Recent weekly candles are mixed, with a combination of green and red candles, indicating indecision.
– Volume: Volume has been relatively stable, suggesting steady interest but no strong buying pressure.
2-Day Time Frame
– Trend: The 2-day chart shows a downtrend with lower highs and lower lows, but recent candles suggest a potential bottoming pattern.
– Candles: The most recent candles are green, indicating some buying interest and a possible reversal.
– Volume: Volume on the 2-day chart shows increased buying interest in recent periods.
195-Minute Time Frame
– Trend: The 195-minute chart shows a downtrend with lower highs and lower lows, but recent candles show a potential reversal with a series of higher lows.
– Candles: The recent candles are mixed, with some green candles indicating buying pressure but also red candles suggesting selling pressure.
– Volume: Volume on the 195-minute chart has increased slightly, indicating some buying interest.
Indicators and Patterns
1. Heikin Ashi Candles: The weekly and 2-day charts show mixed Heikin Ashi candles, suggesting indecision in the market. The 195-minute chart shows a mix of green and red candles, indicating a potential reversal.
2. Trend Line: The downward trend line on the 2-day and 195-minute charts indicates continued bearish momentum, but recent price action suggests a potential break above these trend lines.
3. Support Levels: The charts show support levels slightly below the current price, which may help sustain any upward movement.
Conclusion and Prediction
Based on the analysis of the three time frames:
– Predicted Direction: Potential upward movement, but with caution due to mixed signals.
– Confidence Level: Given the recent mixed signals across all time frames and the slight increase in buying interest, the probability of a continued upward movement over the next week is moderate.
Percentage Possibility of the Predicted Movement
Considering the mixed signals and potential for a reversal:
– Probability of Upward Movement: 60%
This estimate is based on the recent mixed signals, slight increase in buying interest, and overall market sentiment. While there is potential for an upward movement, the presence of both bullish and bearish signals suggests caution. The probability of a significant move in either direction is moderate, with a slight bias toward upward movement.
HODL
To analyze the provided chart for VanEck Bitcoin Trust (HODL) across the three time frames (weekly, 2-day, and 195-minute), let’s examine the indicators and chart patterns to predict the future movement over the next week and estimate the percentage possibility of the predicted movement.
Weekly Time Frame
– Trend: The weekly chart shows an uptrend that has recently faced some resistance, leading to a pullback.
– Candles: Recent weekly candles are mixed, with a combination of green and red candles, indicating indecision and a potential reversal.
– Volume: Volume has been relatively stable, suggesting steady interest but no strong buying pressure.
2-Day Time Frame
– Trend: The 2-day chart shows a downtrend with lower highs and lower lows, indicating bearish momentum.
– Candles: The most recent candles are red, indicating continued selling pressure.
– Volume: Volume on the 2-day chart shows increased selling interest in recent periods.
195-Minute Time Frame
– Trend: The 195-minute chart shows a downtrend with lower highs and lower lows.
– Candles: The recent candles are predominantly red, indicating strong selling pressure.
– Volume: Volume on the 195-minute chart has increased, indicating strong selling interest.
Indicators and Patterns
1. Heikin Ashi Candles: The weekly chart shows mixed Heikin Ashi candles, suggesting indecision in the market. The 2-day and 195-minute charts show predominantly red candles, indicating bearish sentiment.
2. Trend Line: The downward trend line on the 2-day and 195-minute charts indicates continued bearish momentum.
3. Support Levels: The charts show support levels slightly below the current price, but the strong selling pressure may push prices lower.
Conclusion and Prediction
Based on the analysis of the three time frames:
– Predicted Direction: Downward movement
– Confidence Level: Given the consistent downtrend across the 2-day and 195-minute charts and the strong selling pressure, the probability of a continued downward movement over the next week is high.
Percentage Possibility of the Predicted Movement
Considering the strength of the bearish trend and supporting indicators:
– Probability of Downward Movement: 80%
This estimate is based on the consistent bearish signals across multiple time frames, strong selling pressure, and overall market sentiment. The general direction is likely to remain downward over the next week.
DISCLAIMER: We offer NO advice and make NO claims to expertise of any kind. This site is dedicated to knowledge and education through our stock chart training, reviews and other information — nothing more.
