
Wednesday's strength also revitalized Large cap indices - the Dow cleared declining resistance and is very close to turning technicals net green.

The gains in the semiconductor index were enough to turn supporting techncials net bullish. The large gap pushing the index into a new reaction high (but not new 52-week high).

May highs to challenge? Look for Wednesday's gains to consolidate with some narrow intraday action.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.