All major indexes at “must watch” levels. $DJIA, $COMPQ, $SPX, $RUT

All the major U.S. stock market indices are at important levels right now. From the Dow Jones Industrial Average to the NASDAQ to the S&P 500 to the Russell 2000, the setups may vary, but the price levels are important.

In the following 4 charts of the major stock market indices, you’ll see long term trend lines that have either been cleared or price is nearing now.

Here’s a high level overview of what the charts are saying and what levels investors should be watching:

  • The Dow is pushing against it now.
  • The NASDAQ has cleared and held above the trend line for 1 month now.
  • The S&P 500 is currently sitting on the trend line.
  • The Russell 2000 is approximately 30 points under the trend line.
  • Above the trend line are highs that will need to be broken to keep the bull market intact.

Dow Jones Industrial Average – 5 year, weekly chart

DJIA - 5 year, weekly

DJIA – 5 year, weekly

 

NASDAQ Composite – 5 year, weekly chart

NASDAQ - 5 year, weekly

NASDAQ – 5 year, weekly

 

Standard & Poor’s 500 Index – 5 year, weekly chart

S&P 500 - 5 year, weekly

S&P 500 – 5 year, weekly

 

Russell 2000 Index – 5 year, weekly chart

Russell 2000 - 5 year, weekly

Russell 2000 – 5 year, weekly

 

Watch these levels closely; they will yield clues as to whether the bull market has more upside or is becoming exhausted.

Thanks for reading and always use a stop.

Dave

This post originally appeared on See It Market

 

 

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