Modest gains for S&P and Nasdaq as follow through selling fails to emerge
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisFe7HIC0ISzK86ofzqz9yAATUzP6pfv-xP-nJJrszZq5-_R1t2hH60r4Kjk3KDc2yHGCImKecIVMrZ7RBPCmnejUBYzttWvK88BcTVk4u-HUWSfcXdRSw4VnaFUoZLespGsLulbL8GTFGYS27u_7lEyIUEONEw2PhUmwSnvk0tYqGzPgECXfw/s1600/spx_jun26.png)
Index rallies have so far remained remarkably robust even when a move down looks the easiest path. The Nasdaq and S&P experienced selling into Monday and posted two small days worth of gains, albeit on lighter volume. However, the setup continues to look bullish for both indices. Technicals for the S&P are net bullish, but the Nasdaq generated a new 'sell' trigger, although the latter is still outperforming relative to peer indices.