Charting Weekly Indices

Ben Watson breaks down the weekly moves in the major stock indices. In the context of the previous week double digit gains, the markets have normalized in the single digits. The 50 and 200 period moving averages are trending higher with the long term trend in tact for the S&P and DOW. The Nasdaq, has been in an intermediate term downtrend but still in a long term uptrend, The RSI is showing a bullish divergence with the potential for a bounce next week.

Chart Master

26 Mar 2021

ON AIR
7:00 am
Futures

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Charting Weekly Indices

Ben Watson breaks down the weekly moves in the major stock indices. In the context of the previous week double digit gains, the markets have normalized in the single digits. The 50 and 200 period moving averages are trending higher with the long term trend in tact for the S&P and DOW. The Nasdaq, has been in an intermediate term downtrend but still in a long term uptrend, The RSI is showing a bullish divergence with the potential for a bounce next week.

Chart Master

26 Mar 2021

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US