Daily Market Commentary: S&P Stall in Bounce But Small Caps Follow On
($SPX)
via StockCharts.com
The Nasdaq had a more traditional indecisive doji and the challenge is set for bulls to drive this higher. Swing traders can look to take advantage of the narrow intraday spread to set entry and exit points.
($COMPQ)
via StockCharts.com
But the semiconductor index dipped into the prior gap in a clear selloff, finding demand at the rising trendline off February lows. The CCI switched to a 'sell' trigger.
($SOX)
via StockCharts.com
However, small caps managed a new closing high for the February-April rally which should help Tech and Large Caps.
($RUT)
via StockCharts.com
So can Small Caps lead the broader market higher? It's a big ask.
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