S&P, Nasdaq And Dow Have Negative Weekly Charts. Here’s How To Trade Them.

That Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), Nasdaq Composite (IXIC), Dow Jones Transportation Average (DJT) and Russell 2000 Index (RUT) have negative weekly charts. These charts are shown below.

Each of these indices is lying below the death cross patterns on its daily chart. This happened when their 50-day simple moving averages fell below their 200-day simple moving average

The weekly chart for the SPDR Dow Jones Industrial Average ETF Trust
SLIDE

DIA has a negative weekly chart with the ETF below its modified five-week moving average at $321.25 and above its 200-week simple moving average or “return to mean” at $297.36. The weekly slow 12x3x3 stochastic is down at 54.85. DIA is below its semi-annual and annual risk levels at $347.84 and $356.19, which are the horizontal lines on the chart.

The weekly chart for the SPDR S&P 500 ETF Trust (
SPY
)

SPY has a negative weekly chart with the ETF below its modified five-week moving average at $403.17 and above its 200-week simple moving average or mean return at $357.28. The weekly slow 12x3x3 stochastic is down at 60.25. SPY is below its annual and semi-annual risk levels at $436.51 and $446.04, which are the horizontal lines on the chart

The weekly chart for the NASDAQ Composite Index (IXIC)

IXIC has a negative weekly chart, with the index below its modified five-week moving average at 12,040 and above its 200-week simple moving average or return to the mean at 11,076. 12x3x3 weekly slow stochastic is down at 58.07. IXIC is below its annual, semi-annual, and quarterly risk levels at 14005, 14887, and 16203, which are the horizontal lines on the chart.

The weekly chart for the iShares US Transportation ETF (
IYT
)

IYT has a negative weekly chart, with the ETF below its modified five-week moving average at $231.94 and above its 200-week simple moving average or mean return at $213.96. 12x3x3 weekly slow stochastic is down at 63.01. IYT is below its semi-annual and annual risk levels at $247.60 and $265.28, which are the horizontal lines on the chart.

The weekly chart for the Russell 2000 (RUT)

RUT has a negative weekly chart, with the index below its modified five-week moving average at 1865.75 and above its 200-week simple moving average or mean return at 1789.94. 12x3x3 weekly slow stochastic is down at 61.31. RUT is below its semi-annual and annual risk levels at 2022 and 2106, which are the horizontal lines on the chart.