It's time for the first 📈Weekly Charts📉session of 2026.
This week we’ll:
🔹 Zoom out for clarity and context
🔹 Highlight what’s moving—and what’s not
🔹 ID risk and opportunity as we head into a new trading year
▶️Let's go!
$SPX
🔹 3 weeks riding a rising 4-week MA, holding just under the 1.618 extension
🔹 10-week MA and Nov. low AVWAP 🟠 stacked just below — strong layered support
🔹 Volume (as expected) ~50% of average during holiday weeks
🔹 RSI remains in bullish territory at 62
Trend remains intact with healthy consolidation.
$QQQ
🔹 Compressing into a tight triangle at the 1.618 extension
🔹 Below the 4- and 10-week MAs, but holding above the Nov. low AVWAP 🟠
🔹 Volume light, but picking up this week
🔹 RSI easing from recent highs, still healthy at 58
Coil forming just below key resistance. Setup builds.