Russell 2000 Tags Resistance as Nasdaq and S&P Breakouts Hold
There wasn't a whole lot of change on Friday, although the breakouts established in the S&P and Nasdaq held. The rarity of triple tops was confirmed by the third attempt by the Nasdaq to break resistance as it did during the summer of 2020. The breakout was established with a confirmation in On-Balance-Volume 'buy' signal and a relative performance advantage over the S&P
The S&P breakout was more subtle but still enough to register on a weekly chart. Of technicals, only the MACD is on a 'sell' trigger.
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.
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