Today was classic holiday action, just low volume drifting. So my view is basically the same as it was after Friday’s session. The only difference is that the indices are now a little more overbought. I’m still expecting a move back toward the bottoms of the channels on the indices.
FWIW, here are today’s charts. I’m looking forward to the return of normal volume levels tomorrow…
Trend Table
No changes…
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
