The importance of the 50-day and 200-day simple moving averages:Japan’s Nikkei 225 held its 200-day simple moving average at 21,031 on Feb. 14 but is well shy of its 50-day simple moving average of 22,885. India’s Nifty 50 is well above its 200-day simple moving average of 10,098 but the rebound since Feb. 6 has been below its 50-day simple moving average of 10,610. The Weekly Chart For The Nikkei 225Courtesy of MetaStock XenithThe weekly chart for the Nikkei 225 is negative with the index below its five-week modified moving average of 22,473.91. The Weekly Chart For The Shanghai CompositeCourtesy of MetaStock XenithThe weekly chart for the Shanghai Composite is negative with the index below its five-week modified moving average of 3,324.01. The Weekly Chart For The Nifty 50Courtesy of MetaStock XenithThe weekly chart for the Nifty 50 is negative with the index below its five-week modified moving average of 10,569.

Source: Forbes February 23, 2018 17:03 UTC