The S&P lost all of a point, holding on to 2,093 support. Volume was also light. Not much to add otherwise.
The Nasdaq kept its distance from the trading range, working its way towards the 10% moving average envelope band, last tagged in November and triggered the current consolidation.
The bulls are still in control, even if for the Russell 2000 and S&P the margins are very tight.
You've now read my opinion, next read Douglas' and Jani's.
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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com, and Product Development Manager for ActivateClients.com. You can read what others are saying about Zignals on Investimonials.com.
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