the most important problem for the stock market is that all major averages have negative weekly charts this put the market into “sell strength” mode the dow jones industrial average dji set its 2022 low of 33150 on january 24 below its quarterly and semiannual pivots at 33711 and 33989 respectively if the average stays below its 200day simple moving average now at 34972 a death cross is likely in february when the 50day simple moving average falls below the 200day sma the sp 500 index spx set its 2022 low of 422262 on january 24 below its annual pivot at 4383 it’s above its semiannual value level at 4125 this is the downside risk if the index stays below its 200day sma at 443380 the quarterly risky level remains at 4527 the nasdaq composite ixic set its 2022 low of 13094 on january 24 below its semiannual and annual pivots at 13915 and 14004 if the average stays below its 200day simple moving average now at 14729 a death cross is likely in february when the 50day simple moving average falls below the 200day sma the dow jones transport average djt set its 2022 low of 14750 on january 27 below its quarterly and annual pivots at 15123 and 15230 respectively it’s above its semiannual value level at 13229 if the average stays below its 200day simple moving average now at 15332 a death cross is likely in february when the 50day simple moving average falls below the 200day sma the russell 2000 index rut set its 2022 low of 193141 on january 27 below its quarterly and annual pivots at 2176 and 2106 respectively it’s just below its semiannual pivot at 1971 the index already confirmed a death cross on january 19 when the 50day simple moving average fell below the 200day sma