The market is trending higher intraday, as you can see on the 3-minute SPY chart below. Of course, the issue is whether the very top end of this broad trading range on the indices holds true and serves as resistance. I suspect the small cap-dominated Russell 2000 index, which has been a notable laggard, will be one of the pieces to the puzzle in determining whether the bulls have truly recaptured this market for more than just a few spirited days.
7 Responses to Intraday Look and Analysis: I Suppose We’re at an Impasse
Every day with a little Raylan in it is a good one
Chess, it looks like we just filled those gaps over the past couple of weeks. Now there are gaps underneath us. Does that bring you caution?
mic test 123 … mic test 123 …
Am I visible ?
Did fly ban everyone yet ?
… I sort’uv expected that after fly’s last “Captain Queeg … Who Took Tha Strawberries … Compulsively Fiddlin’ With Ball Bearings … Walled Garden Of iBC” post …
we were ALL BANNED !!!
… SIGH !!!
… disturbing …