The Dow made a clean upside break of the consolidation.
The Nasdaq wasn't able to get above the consolidation. However, it did manage to close near the week's high. Technicals are net bullish with the relative performance between the Nasdaq and S&P about to turn positive too.
The Russell 2000 is repeating the action of late November, although the MACD hasn't reversed its earlier 'sell' trigger. It remains the index likely to benefit bulls the most.
With the upside coil breakout, bulls have the edge for the rest of the week. If buyers are unable to press their advantage beyond the first half-hour trading then it may instead turn to shorts to have a crack at reversing the breakouts (creating 'bull traps' in the process).
You've now read my opinion, next read Douglas' blog.
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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.