With Headlines Elsewhere, Little Change For Markets

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There was little change for markets between Friday and Monday.  Only the Russell 2000 is indicating it might lose more ground, although it hasn’t lost support of its 50-day MA yet.

For the Russell 2000 (via IWM), the MACD is still holding to a ‘sell’ trigger, along with a strong ‘sell’ in ADX and relative performance.

IWM Daily Chart

IWM Daily Chart

The NASDAQ consolidated Friday’s gain on Monday as it remained above support. There was no change in the technical picture.

COMPQ Daily Chart

COMPQ Daily Chart

Likewise, there was little more to say on the S&P.

SPX Daily Chart

SPX Daily Chart

Sometimes, the markets do nothing when the headlines are elsewhere.

Read more at : https://www.investing.com/analysis/with-headlines-elsewhere-little-change-for-markets-200572656

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