Charts with Comments

Some of the more popular charts across a variety of markets.  These are weekly charts.  The black and red dots are key pivot points, which represent the best areas of support (buying) and resistance (selling).  The general consensus: if you were a bull 3 weeks ago, then you are likely underwater in your positions and wonder to yourself — “what should I do?”.  If you sat on the sidelines biding your time and not buying the usual stupidity, then you will have some fire power to buy at these lower prices.  That opportunity should be coming in the next couple of weeks.

Figure 1. SP500/ weekly

Figure 2. QQQ/ weekly

Figure 3. EEM/ weekly

Figure 4. EFA/ weekly

 

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Category: Technical Analysis