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Stock Indices Deliver More Of The Same

Published 10/18/2017, 12:13 AM
Updated 07/09/2023, 06:31 AM
US500
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DJI
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US2000
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IXIC
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There was little change yesterday on the day-to-day machinations of the market. The S&P is riding along upper channel resistance with technicals still bullish.

SPX Daily Chart

The NASDAQ is caught in a halfway house with bullish technicals and a relative advantage of the index against the S&P.

COMPQ Daily Chart

The Russell 2000 is working off a MACD trigger 'sell' with a relative loss against the NASDAQ but watch how the index reacts when it tests the 20-day MA.

RUT Daily Chart

Finally, the Dow Jones Index made it to channel resistance.

INDU Daily Chart

For today, look for a reaction at channel resistance in the S&P and Dow Jones Index. For everything else, keep with the established trend; bullish for Tech and bearish for Russell 2000.

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