Backing out to the Weekly Charts

I've posted some weekly charts on the indexes so we can see where the indices are in compared to their longer term trends and channels.

SPX Weekly Chart: (Note that we pierced but held the trendline this week)



RUT Weekly Chart: (Lost the trendline and falling fast)




NDX Weekly Charts: (Plenty of room to fall and still keep the longer term uptrend)



DOW Weekly Chart: (Sitting mid-channel with plenty of room to fall to trend support)