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

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

Each of these indices are below death cross patterns on their daily charts. This occurred 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
DIA

DIA has a negative weekly chart with the ETF below its five-week modified moving average at $321.25 and above its 200-week simple moving average or “reversion to the mean,” at $297.36. The 12x3x3 weekly slow stochastic reading is declining at 54.85. DIA is below its semiannual and annual risky 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 five-week modified moving average at $403.17 and above its 200-week simple moving average or reversion to the mean, at $357.28. The 12x3x3 weekly slow stochastic reading is declining at 60.25. SPY is below its annual and semiannual risky 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 five-week modified moving average at 12,040 and above its 200-week simple moving average or reversion to the mean, at 11,076. The 12x3x3 weekly slow stochastic reading is declining at 58.07. IXIC is below its annual, semiannual and quarterly risky levels at 14,005, 14,887 and 16,203, 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 five-week modified moving average at $231.94 and above its 200-week simple moving average or reversion to the mean, at $213.96. The 12x3x3 weekly slow stochastic reading is declining at 63.01. IYT is below its semiannual and annual risky 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 five-week modified moving average at 1,865.75 and above its 200-week simple moving average or reversion to the mean, at 1,789.94. The 12x3x3 weekly slow stochastic reading is declining at 61.31. RUT is below its semiannual and annual risky levels at 2,022 and 2,106, which are the horizontal lines on the chart.