The Nasdaq also looks like it will reach a point of challenging 'Head' resistance. Solid action with higher volume accumulation.
The Russell 2000 has jumped through a number of resistance levels since rallying off the May swing low. It currently rests against resistance defined by March and April swing highs. It's a possible shorting opportunity with a flighty stop.
The Semiconductor index flashed another doji. Look for a Tri-Star reversal.
Tomorrow may close weaker, but even if bears finally get a turn at the market they are unlikely to shake current holders out of their shares.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com.
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