Despite a nice rally on Friday, every major US index ETF in our Trend Analyzer tool is still below its 50-day moving average and lower within its trading range over the last week.

As stocks begin to bounce, some have found logical support like the Dow (DIA) at its 200-DMA and the Russell 2000 (IWM) at its previous low established in late May.  Meanwhile, other indices like the S&P 500 (SPY) and Nasdaq (QQQ) have paused in the middle of their range between the 50-DMA and 200-DMA.  Small and mid-caps like the Russell 2000 (IWM) and the S&P MidCap 400 (MDY) still remain below both moving averages.  Start a two-week free trial to Bespoke Institutional to access our interactive Trend Analyzer, Chart Scanner, and much more.

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