S&P and Nasdaq rally in their bases.

Currently on vacation, so posting intermittently until after July 4th. Suffice it to say, the S&P and Nasdaq are well on their way to shaping the right-hand side of bases coming off 2021 highs.  There is still a chance these bases can fail, but until I next post, I expect these rallies to continue on weekly timeframes.


It remains a little more sketchy for the Russell 2000 ($IWM), but the convergence of moving averages as support on the weekly time frame should provide the necessary support to help it advance above $195.  Maybe by my return in July, it will have done so?

See you in July (if not before). 

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Investments are held in a pension fund on a buy-and-hold strategy.

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