The Russell 2000 is still the best positioned index to gain. It remains tied to its 50-day MA, with a very tight bullish flag. Technicals all bullish.
The Nasdaq staged a recovery to its 200-day MA. The falling 50-day MA is nearby to add selling pressure, and the dreaded "Death Cross" looms on the horizon.
The S&P is about to test the strength of supply at its 50-day MA. Given the action in the Russell 2000, there is a good chance the S&P will be able to push through.
Tomorrow should see bulls continue their run of form. The Russell 2000 remains the index of choice for buyers as it leads relatively.
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