Indices Post Gains but Russell 2000 Still to Breakout
There wasn't a whole lot to today's gains but indices did manage to recover intraday losses.
The Nasdaq is comfortably above its breakout support and today's intraday swing barely lost ground. Technicals are net bullish with no bearish divergene to worry about. The index is 11.7% above its 200-day MA, which is outside of the 85% of historic extremes.
Likewise, the S&P accelerated its gain after a flat-line period. Buying volume was modest but technicals were bullish.
You've now read my opinion, next read Douglas' blog.
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