Nasdaq and S&P make key gains
Important day for the indices with the S&P again pushing into the spike high of the Bearish inverse hammer. Volume climbed to register an accumulation day as buyers found some footing on the back of bullish net technicals.
In both cases, relative performance deteriorated despite these gains. The reason for this was the Russell 2000. It has well and truly negated whatever bearish implications were in play from the bearish black candlestick in early November. This is healthy market action for the broader market, not just the Russell 2000.
You've now read my opinion, next read Douglas' blog.
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Investments are held in a pension fund on a buy-and-hold strategy..