Weekly Charting Of The Indicies

Ben Watson joins Scott to review the charts of major stock indices and what investors can takeaway form all the volatility. Major indices like the S&P 500 have not hit new high levels, with not much net positive or negative movement in between price resistance and the 50 period simple moving average. The DJIA is in a trading range also facing resistance at the 34k level. Overall, RSI is rising in a bullish trend, in particular for the Nasdaq which has shown the most relative strength as of recent.

Chart Master

28 May 2021

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Weekly Charting Of The Indicies

Ben Watson joins Scott to review the charts of major stock indices and what investors can takeaway form all the volatility. Major indices like the S&P 500 have not hit new high levels, with not much net positive or negative movement in between price resistance and the 50 period simple moving average. The DJIA is in a trading range also facing resistance at the 34k level. Overall, RSI is rising in a bullish trend, in particular for the Nasdaq which has shown the most relative strength as of recent.

Chart Master

28 May 2021