At least the S&P is holding breakout support. Watch for 'sell' triggers in +DI/-DI and On-Balance-Volume.
The Russell 2000 also made small inroads into last week's highs. Watch for recent relative underperformance against the Nasdaq to reverse, perhaps marking a new period of Small Caps leadership.
Can markets break their range? Jani was right picking his holiday for August...
You've now read my opinion, next read Douglas' and Jani's.
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Dr. Declan Fallon is the Senior Market Technician for ChartDNA.com, and Product Development Manager for FirstDerivatives.com. I also trade on eToro and can be copied for free.