Index Daily Charts: Where's the Strength?

This has been a volatile week of trading and I wanted to take a look at our indices to see where the strength is right now on the price charts and possible scenarios of patterns moving forward.

Although all of the indices fell these last 2 weeks, it was the NDX (Nasdaq 100) that found support well above the 100MA (Moving Average), while the laggard was the RUT (Russell 2000) that fell right through it's 200MA and is still trying to get some footing. Next was the DOW which also found support above the 100MA and then the SPX (S&P 500) which found support on it's 200MA.

Below are the Daily Charts, Click the chart thumbnail to get a full screen view.

NDX 1 Year Daily Chart



DOW 1 Year Daily Chart



SPX 1 Year Daily Chart



RUT 1 Year Daily Chart