It didn't last long, but sellers quickly ran out of steam. Monday had the look of a profit taking, but buyers were quick to make a reappearance. Will markets make it back to Fib retracements? They look a long way way away.
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The Nasdaq continues to hold breakout levels. Volume confirms accumulation with all technicals net bullish.
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The Russell 2000 was the only index not to post a gain, although after a series of extended gains I would have expected a greater loss.
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Can bulls return to the attack? Small Caps will find it harder, but the Nasdaq is well positioned to take advantage.
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