After today's market actions, it appears the SP500 will likely assault and move above the 1130 level. How sustainable this rally will be is depended on how quickly the Russell 2000 catches up with the SP500 & the Nasdaq 100. If the Russell 2000 continue to lag, then the extend of this rally could be limited. In the meantime, the momentum is on the up side and I will be selective long.
Here are the charts. Click on them to get a larger image and to read the embedded comments.
SP500:
DJIA:
Nasdaq 100:
Russell 2000:
