Taking the analysis further
If you want to go deeper than the weekly charts — including how the levels translate into actual trade planning and risk management — you can follow the work Brian Shannon and I do at Alphatrends.
That’s where we walk through the same market structure in real time and apply the process to actual trade setups.
Summary -
Major indexes remain in healthy long-term uptrends despite a quiet, holiday-shortened week.
SPY, QQQ, and IWM all finished with inside weeks; the DIA broke out to fresh highs.
Market breadth remains healthy with broad participation across equal-weight indexes.
Biotech (XBI) and Financials continue to show leadership after successful breakouts.
Semiconductors and many MAG7 names are consolidating rather than leading.
Rotation continues toward more defensive areas including Healthcare and Utilities.
Growth vs. Value, Consumer Staples, and Low Volatility all suggest slightly more defensive positioning.
Dollar breakout remains an important macro development to monitor.
Bitcoin, gold, and oil continue to lag.
Short-term roadmap: Dow remains strongest while QQQ and IWM have slipped below declining 5-day moving averages.
References & Chart Resources
Chart School
https://www.trading-adventures.com/t/chart-school
The Bullish Percent Index – A Technician’s Perspective
Relative Strength – What Is It Really?
Take the analysis further
If you want to go beyond the weekly charts — including how the levels translate into real trade planning and risk management — you can follow the work Brian Shannon and I do at Alphatrends.
That’s where we review the markets in real time and walk through how the same principles are applied to actual trade setups.
Important: This content is provided for educational purposes only. If you’re reading this online, please review the full disclosure here.
