Trends for Major Indices as of Friday, January 24th 2020

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Nasdaq

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Up

S&P

The S&P closed just under the 10 DMA, switching the short-term trend to down. We will see if things retrace to the 50 DMA like the Russell 2000 did.

  • Long-term: Up
  • Intermediate: Up
  • Short-term: Down

Russell 2000

The Russell 2000 closed just below the 50 DMA, switching the intermediate trend to down.

  • Long-term: Up
  • Intermediate: Down
  • Short-term: Down