The weekly charts for four of the five major U.S. equity averages ended the week negative. If the Russell 2000 ends this week with a negative weekly chart, the stock market could fall into bear market territory in April. Here’s Today’ ScorecardGlobal Market ConsultantsThe weekly chart for the Dow is negative with the average below its five-week modified moving average of 24,758. Courtesy of MetaStock XenithThe weekly chart for Dow Transports is negative with the average below its five-week modified moving average of 10,520. The 12x3x3 weekly stochastic reading declined to 48.75 last week down from 50.80 on March 16.
Source: Forbes March 26, 2018 15:22 UTC