Tuesday, June 23, 2015

Honors Shared

Today was a big non-event. There was probably hope for more from the Greece story, but a stay of execution keeps things ticking over for another couple of days. The S&P was kept pegged below 2,135, but maintains its trendline breakout.

The Nasdaq closed near the day's highs, and consequently near all-time highs too. Technicals are all net bullish.

The Russell 2000 also kept its gains, and is well above support of 1,278.

As a final note, the Dow returned net bullish in technical strength.

Tomorrow is another day. Traders can look to swing trade today's narrow range; short loss of lows, buy break of highs - stop on flip side.

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. I do a weekly broadcast on Friday's at 13:30 GMT for Tradercast, covering indices, FX and gold, silver and oil - all are welcome! You can read what others are saying about Zignals on Investimonials.com.