Thursday’s wide range up day in three of the primary trading indices suggests one or more of those indices is likely to trade to new highs before any significant decline occurs. The huge fly in the ointment is the non-confirmation of the Russell 2000. We will assume higher prices unless the immediate downside KRAs are exceeded to the downside.

ES

ES

SPY

spy

NQ

nq

QQQ

qqq

TF

tf

IWM

iwm

YM

ym

DIA

dia