There’s not much to say about today’s action. The indices just consolidated last week’s gains on lighter volume — which is bullish action. Just about all the indices made NR7 bars today so those bars should (could) be good ones to trade off of, if NR7s are your thing.
The Nasdaq’s sitting just under that important 2100 level.
I’m still looking for the S&P to take out those earleier summer highs to put the bears on their heels.
Trend Table
No changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Down | Lat | Lat |
| Intermediate | Down | Lat | Down |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
