The daily chart still shows a descending triangle formation (lines a and b). A daily close above 2718 would be an upside breakout while a close below 2553 would project lower prices. The weekly chart formation, lines a and b, is more bullish than the chart of the NYSE Composite. The weekly Russell 2000 A/D line is above its WMA and the daily also closed the week positive. In choppy markets, it is a good idea to look at the monthly charts as they can illuminate the daily market noise.

Source: Forbes May 06, 2018 12:22 UTC