We got a bit more volatility today, highlighted by the Nasdaq’s false breakdown of the recent trading range. But when all was said & done the indices closed within the range of the previous two sessions. Maybe we can break free of this trading range tomorrow…
Here’s the Nasdaq chart:
QQQQ looks similar but is a bit weaker. It found support at its 50-day moving average for the fourth session in a row.
More sideways consolidation for the S&P:
Ditto for the Russell 2000:
Trend Table
No changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
