ETF SWING & DAY TRADING

[Little Chico]

That's very interesting but...

...according to prophet.net, the weekly $compq chart peaked on 1/9 at 23.32 and finished this week at 22.87, off 45 pts. It finished up 7.74 pts for this past week but that doesn't result in a new trading signal. The Slow Stochastic is also coming off an overbought reading on 1/23 and the weekly candlesticks are pulling away from the upper bollinger band. The call should be "short," for the weekly chart, despite short term countertrends. I don't think we can say the weekly chart is bullish until it breaks resistance at 23.17 at the very least.


Chico