The Rally, Crack'd?

Last updated on Apr 15, 2024

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Indices In “Not Only-Up” Shocker

The S&P500 and Nasdaq delivered a nothingburger of a day overall today; the Russell rediscovered its appetite for basement dwelling. Let's take a look at where the indices stand after the close. Today’s post is free for all to read - if you’d like these notes daily, just sign up for a Premium or Pro subscription here at Cestrian Market Insight.

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Real Time

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Gains explains:

“Nasdaq is forming a downward channel (A leg) and is showing weakness overall with other indexes following suit.
Price action has been aggressive but the bears are coming out to sell the top. The bulls will have a hard time breaking through the upper channel without a catalyst”.

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