For a change the indices went their separate ways. The Dow (-0.67%) and S&P 500 (-0.35%) ended the day lower, while the NASDAQ (+0.46%) showed great relative strength and closed higher. However all three indices closed well off of their highs. They were all repelled by their upper Bollinger Bands for the second day in a row. Given how far we’ve come over the last 6 days I wouldn’t be surprised to see the indices drop to their middle Bollinger Bands over the next few days.
Now for the charts. I’ve decided to take a look at the weekly chart of the S&P 500:
Here’s the daily chart of the Dow:
And the daily of the NASDAQ:
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