Market Deadlock: Charts and Data Grapple for the Upper Hand The stalemate continues. Dec 18, 2020 | 11:00 AM EST While the charts of the major equity indices remain positive and lacking sell signals, the psychology data and valuation continue to imply a fairly high level of risk currently exists for equities, as discussed below. On the Charts All the major equity indices closed higher Thursday and at or near their intraday highs with positive internals on higher trading volumes. All made new all-time closing highs with the one exception of the Dow Jones Transports, which is now the only index in a near-term neutral trend as the rest are bullish.