There wasn't a whole lot to today's trading, but the Russell 2000 did manage to break out of its trading range on higher volume accumulation.  Technicals are net positive, including relative performance.

Indices enjoyed a solid Friday as buyers undid Thursday's losses.  The Nasdaq is still underneath trendline resistance, but above its 50-day MA. Technicals are mixed with the 'sell' triggers in On-Balance-Volume and ADX offset  by bullish technicals for the MACD and Stochastics.

I had mentioned previously how the Dow Jones Industrial Average was set up for a double top with a pair of gravestone doji, but it was the Nasdaq which lost more on the day. The Nasdaq gapped down off resistance but it remained above its 50-day MA. The MACD and Stochastics are on a trigger 'buy', with other technicals bearish - so there is a bit of a mixed bag here. The index is underperforming relative to the Russell 2000, but with the trading range still in place, any action between support and resistance is of lesser significance.

It was a bit of a mixed bag for the indices. The Dow Jones Industrial Average posted a second gravestone doji following the earlier one at the start of May.  The index is still above trendline support, lead moving averages (20-day, 50-day and 200-day MA) and technicals are net positive - including relative performance - but two gravestone doji at a peak are a potential concern.