There wasn't a whole lot of change to indices, so today we will look at some of the other charts. One of the more interesting is the AAII Bullish/Bearish Sentiment Index. Earlier this year, we had the tariff sell off that killed investor sentiment, but what followed is the rally investors are still enjoying the benefits from today. If there is a concern, it's that investor sentiment is growing more bearish, in a manner similar to what we saw at the start of 2022. The chief difference is that in 2022, the S&P sold off for the rest of the year, but this year, markets have continued their advance; will things turn sour quickly?

Solid action for indices with many enjoying higher volume accumulation. The S&P has enjoyed some of the best action since the 2025 lows. Technicals are net positive, but on a weekly time frame there there was a relative shift towards Small Caps (Russell 2000).

Today was the kind of day that makes bulls happy. When you hear of traders beating the market it's thanks to days like today. Indices traded on higher volume accumulation with some able to mark new highs. The Russell 2000 ($WIM) maintained its bullish signal in On-Balance-Volume as the pending reversal in relative performance against the Nasdaq was stalled. Technicals remain net bullish with only On-Balance-Volume the weakest.

Im not going to say a whole lot because there hasn't been a big enough change in indices from the weekend to warrant another post. The Semiconductor Index is working a bullish bounce in technicals, despite doing little with price. There was a return in bullish technicals with CCI, +DI/-DI, Stochastics and Relative Strength all showing 'buy' triggers. Only the MACD remains on a 'sell' trigger, and when it switches, technicals will become net bullish. The Semiconductor Index is playing out a sideways pattern in price. Today's doji will have barely registered on anyone's radar, but with the return above moving averages it only leaves peak highs to break.