Deron Wagner has been scanning extensively for bullish ETF swing trading setups over the past few days, but most of better looking chart patterns presently belong to individual stocks, rather than ETF's.

Why is Deron Wagner watching the iShares China Xinhua 25 Index (FXI)?

Deron Wagner sees significant overhead resistance in the small-cap iShares Russell 2000 Index ETF (IWM).

Deron Wagner thinks the market is trying to form a significant bottom, but still needs to prove itself before he would aggressively enter new positions on the long side of the market.

It's still too early to declare an end of the broad market's multi-month downtrend from its September 2012 highs.

Although the main stock market indexes were flat yesterday, there were at least two ETF's we have been monitoring that pulled back to near-term support levels. Which were they?

The SPDR S&P Homebuilders ETF (XHB) was one of the last ETFs to break down below support during the recent decline, but now the ETF has a lot of immediate overhead supply and resistance to contend with.

The intraday price action of last Friday caused the main stock market indexes to form bullish hammer candlestick patterns.

If you are new to swing trading, you may feel the urge to be actively trading the stock market at all times, either on the long or short side.

For a weak market to form a significant bottom, there typically needs to be at least one or two days of panic selling, where investors finally give up and just want to sell at any price.