I’m glad I stayed out of the fray today because it looks like it was a good day to get chopped up, especially on the Nasdaq. It closed down for the day but it rallied into the close to close near the highs of the session. It’s looking like 2600 is now the level to watch for support.
The S&P is approaching its March trendline again. Let’s see if it gets another bounce off of that line.
Close to a 1% drop on the Russell today but the short-term uptrend is still intact.
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
