The Dow is below its 50-day simple moving average and approaching its 200-day simple moving average of 25,142. It is well below its 50-day simple moving average at 2,878.54 and has been trading back and forth around its 200-day simple moving average of 2,765.97 on Thursday, after a morning low of 2,745.46. The small-cap index is below its 50-day and 200-day simple moving averages of 1,693.13 and 1,620.12, respectively. The weekly chart for the Russell remains negative with the index below its five-week modified moving average of 1,689.58. My semiannual value level is 1,549.40 with my annual, monthly, weekly and quarterly risky levels of 1,664.90, 1,683.94, 1,705.95 and 1,804.00, respectively.
Source: Forbes October 11, 2018 19:18 UTC