Weekly Stock Charts
Identifying index & ETF trends in weekly stockcharts
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- Last Update: 25 January 2022, 10:11
Jan 24th 2022 9:30A Update: Last night, futs were bright green - now bright red. It%27s ugly out there. Indexes are having trouble holding even a weak bounce. On the weekly charts, there%27s really nothing bullish. That%27s different as $$$ was finding a home in fins (that failed over a week ago), then energy rolled over after peaking on Tuesday. 1 small positive is that it%27s always darkest before the dawn...and usually when I see everything looking awful that means we%27re closer to a bottom than a top. That said, I can%27t trade long set-ups if they don%27t exist. So, I will wait for some green bars to show up (or trade short). I%27m a better long than I am short, but the 10m + 30m charts above have been great guides for short-term action lately - so that%27s a big help. OK, market is about to open in a few minutes - gotta go. Manage risk, use stops, trade well + good luck out there!
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