Image Source: Pexels

Another morning, another all-green screen. We have the /ES just barely skirting below lifetime highs from December and February:

The /NQ dropped its skirt last week and is already in new lifetime high territory.

Whereas the small caps /RTY is far below its own highs but at the same time is hammering out what might be an IHS basing pattern to push it through its overhead supply and alter that fact.

Just to add to the frustration, palladium, which has shaken off some weakness Sunday to push nicely into the green, has decided to sell off hard before then open, just to throw some salt in the wound.

Although I would add that the pearl-clutching minute bar chart above doesn’t change the fact that the longer-term chart below shows nothing more than a good bullish base with a perfectly normal pullback.

Just a reminder, this is a shortened week (three full days, a half day Thursday, and the market closed on Friday).

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