The technicals for the five major U.S. equity averages improved this week. The Dow Jones Industrial Average (INDU) , the S&P 500
Overseas, the Nikkei 225 continues to have a negative weekly chart. The Shanghai Composite will likely end the week with a downgrade to a negative weekly chart. The German DAX could have a downgrade to neutral or negative as this week comes to an end. The Nifty 50 will continue to have a positive but overbought weekly chart.
It's been a week without new highs for any of the nine major global averages. India's Nifty 50 is the only major overseas average to set a new high in 2017, and each of the other three remain below highs set between April 10, 2015, and June 24, 2015.