The stock market bounced back Monday after a long losing streak, in part on improved odds Hillary Clinton will be elected president.

Here are the updated technical maps for the five major averages, plus the key levels at which to track them this day before the U.S. election.

The weekly charts for the Dow Jones Industrial Average (INDU) , the S&P 500 , the Nasdaq Composite (NDAQ) and Russell 2000 ended last week with negative weekly charts. Dow Transports have been bucking the downward trend ending last week with a neutral weekly chart.

Here's the scorecard.

Here's the weekly chart for the Dow Jones Industrial Average.

 

Courtesy of MetaStock Xenith

The Dow 30 closed Monday at 18,259.60, up 4.8% year to date and 18.2% above its Jan. 20 low of 15,450.56. This average is 2.2% below the all-time intraday high of 18,668.44 set on Aug. 15.

The weekly chart for the Dow 30 will remain negative if the average ends the week below its key weekly moving average of 18,171.14, but will shift to neutral with a close above this moving average. On a negative outcome, the risk is to the 200-week simple moving average of 16,770.66. The weekly momentum reading is projected to end the week at 30.25 down from 32.16 on Nov. 4.

The upside is to 18,326, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for S&P 500.

Courtesy of MetaStock Xenith

The S&P 500 closed Monday at 2,131.52, up 4.3% year to date and 17.8% above its Feb. 11 low of 1,810.10. This average is 2.8% below the all-time intraday high of 2,193.81 set on Aug. 15.

The weekly chart for the S&P 500 will remain negative if the average ends the week below its weekly moving average of 2,132.75, but will shift to neutral on a close above this moving average. The average is above its 200-week simple moving average of 1,927.81. The weekly momentum reading is projected to end the week at 29.76 down from 34.71 on Nov. 4. 28.

The upside is to 2,172.1 by the end of the year.

Here's the weekly chart for the Nasdaq Composite.

Courtesy of MetaStock Xenith

The Nasdaq closed Monday at 5,166.17, up 3.2% year to date and in bull market territory 22.7% above its Feb. 11 low of 4,209.76. This average is 3.3% below the all-time intraday high of 5,342.88 set on Sept. 22.

The weekly chart for the Nasdaq stays negative given a close on Friday, Nov. 11 below its key weekly moving average of 5,184.84, otherwise the chart will be neutral. The index is well above its 200-week simple moving average at 4,445.67. The weekly momentum reading is projected to end the week at 48.31 down from 58.42 on Nov. 4.

The upside this week is to 5,285 and to 5,421 by the end of 2016.

Here's the weekly chart for the Dow Jones Transportation Average.

Courtesy of MetaStock Xenith

Dow transports closed Monday at 8,330.36, up 10.9% year to date and in bull market territory 30.1% above its Jan. 20 low of 6,403.21. This average remains in correction territory 10.5% below the all-time intraday high of 9,310.33 set on Nov. 28, 2014.

The weekly chart for transports will be upgraded to positive give a close above its key weekly moving average of 8,062.77 and above its 200-week simple moving average at 7,676.31. The weekly momentum reading projected to end the week at 77.88 up from 75.90 on Nov. 4.

The upside is to 8,437 by the end of November.

Here's the weekly chart for the Russell 2000.

Courtesy of MetaStock Xenith

The Russell 2000 closed Monday at 1,192.25, up 5% year to date and in bull market territory 26.4% above its Feb. 11 low of 943.10. This average is 8%below its all-time intraday high of 1,296.00 set on June 23, 2015.

The weekly chart for Russell 2000 remains negative if Friday's close is below its key weekly moving average of 1,204.77 and above its 200-week simple moving average of 1,130.06. The weekly momentum reading is projected to decline to 28.78 down from 35.96 on Nov. 4.

The upside is to 1,205.81 this week and to 1,279.93 by the end of 2016.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

More from Investing

Bitcoin Today: Prices Plummet Below $8,000 in Market Downturn

Bitcoin Today: Prices Plummet Below $8,000 in Market Downturn

Why HP Enterprise's Stock Plunged After It Beat Earnings

Why HP Enterprise's Stock Plunged After It Beat Earnings

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Did Trump Just Torpedo the Stock Market Again?

Did Trump Just Torpedo the Stock Market Again?