2 Key Index Charts Turn Neutral From Positive

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2 Key Index Charts Turn Neutral From Positive
2 Key Index Charts Turn Neutral From Positive

The equity indices closed mostly lower Friday with the exceptions of the S&P 500 and DJIA posting minor gains. The notable technical events were the S&P 500 (see above) and Nasdaq Composite closing below their near-term uptrend lines, putting them now on neutral trends as is the Russell 2000. Market breadth deteriorated slightly but enough to change the cumulative advance/decline lines for the All Exchange, NYSE and Nasdaq to neutral from positive.