Gains in the semiconductor index helped the Nasdaq close at a new high. Technicals remain strong too.
The Russell 2000 remains inside the rising channel. The push from Thursday's tight action has swung in favor of bulls. - further gains remain favored.
The S&P is similarly in a good position, although Friday's gain wasn't as good as the Russell 2000.
Tuesday is set up for upside follow through following Friday's bullish reaction to Thursday's tight intraday action.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com.
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