The Nasdaq Composite will likely end this week above its five-week modified moving average at 7,131.68, which will prevent a negative weekly chart. The Dow Jones Industrial Average and S&P 500 will prevent negative weekly charts given closes today above their five-week modified moving averages at 25,115.28 and 2,722.39, respectively. The Dow Transportation Average and Russell 2000 will have negative weekly charts if they stay below their five-week modified moving averages of 10,628.24 and 2,542.27, respectively. The Shanghai Composite is closed for its ten-day Chinese New Year celebration but has a negative weekly chart. The Nikkei 225 and Nifty 50 ended this week with negative weekly charts.

Source: Forbes February 16, 2018 18:45 UTC