the failed upside breakout continues the consolidation of the recent marketplace strength.
Note how we've broken inwards a higher house Thursday's high inwards the NASDAQ 100 (NQ) futures (bottom chart) as well as are hovering nearly the highs inwards the ES futures (top chart). I'll hold upwards watching closely to encounter how pocket-size caps comport if nosotros tin grade the axe interruption to novel highs inwards ES; spell they've been rally leaders, they underperformed yesterday. The TICK distribution as well as intraday advance-decline figures should render a useful indication of the relative breadth of participation inwards whatever upside break.
I'll hold upwards updating this post afterward inwards the morning; remain tuned...
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