There wasn’t a whole lot of action on the day, but the Russell 2000 was able to add nearly a quarter a percentage point and hold on to its breakout. Technicals have stayed net bullish since the break from the original channel (which ultimately led to the current trading range).
The S&P lost all of a point, holding on to 2,093 support. Volume was also light. Not much to add otherwise.
The Nasdaq kept its distance from the trading range, working its way towards the 10% moving average envelope band, last tagged in November and triggered the current consolidation.
The bulls are still in control, even if for the Russell 2000 and S&P the margins are very tight.
