Intraday Look and Analysis: I Suppose We’re at an Impasse
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.
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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?
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mic test 123 … mic test 123 …
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Am I visible ?
Did fly ban everyone yet ?
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… 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 !!!
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… SIGH !!!
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… disturbing …
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