Why Weekly Charts Matter

In the age of short attention spans and instant trading gratification, the poor, neglected weekly chart still provides you with ample clues towards key price levels and big shifts in momentum. Even if you trade short-term only, you need to be cognizant of the weekly. Check it faithfully.

To illustrate this point, I made some S&P chart notes of what the weekly can show you. It is rather eye-opening, is it not?

All charts courtesy of http://stockcharts.com