Stocks closed mix again this past week. S&P 500 index closed at 1877, down 0.03%, Dow Jones Industrial Average lost 0.55%, while Nasdaq composite increased 0.46% for the week.
Technical picture for S&P 500 index and Nasdaq composite index remain the same as last week. In the weekly charts below, S&P 500 index is still in the flat consolidation mode while Nasdaq composite index manages to stay above its 28 week MA. So far, we have considered this as a healthy consolidation so long as the indices do not fall below their support levels.
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| Weekly Chart of S&P 500 Index |
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| Weekly Chart of Nasdaq Composite Index |
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