Daily Market Commentary: Consolidation...Again

Slight loss on even slighter volume.  Very little going on in the market at the moment.

The Russell 2000 back tested its 20-day MA on a slight drop in technical strength.

While the Nasdaq 100 kept the pressure on resistance without breaking it.

The S&P was quiet, but unlike the Russell 2000 technicals remained firm.

Rinse-and-Repeat; short term favors a pullback from channel resistance for the Dow and Nasdaq 100.


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