Each of these indices are below death cross patterns on their daily charts. They all have negative weekly charts.
SPY has a negative weekly chart with the ETF below its five-week modified moving average at $403.17 and above its 200-week simple moving average or reversion to the mean, at $357.28. The 12x3x3 weekly slow stochastic reading is declining at 60.25. SPY is below its annual and semiannual risky levels at $436.51 and $446.04, which are the horizontal lines on the chartCourtesy of Refinitiv Xenith.
IXIC has a negative weekly chart with the index below its five-week modified moving average at 12,040 and above its 200-week simple moving average or reversion to the mean, at 11,076. The 12x3x3 weekly slow stochastic reading is declining at 58.07. IXIC is below its annual, semiannual and quarterly risky levels at 14,005, 14,887 and 16,203, which are the horizontal lines on the chart.
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