Large caps did enough to maintain form but lacked convincing volume. The 200-day MA overhead will keep long term interest away so look for large caps to break first.
The Russell 2000/small caps has the same issue as large caps with the 200-day MA lurking overhead to add supply
It's hard to see tech been able to drag everything higher (i.e. above their 200-day MAs) but they are doing what they can.
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.