SOX leading the way again after not even being able to break the 5 min 900 downside yesterday, while printing pic perfect inverse H&S right on top of the 5 min 900...
Methinks yesterday was likely the biggest pivot spot for the rest of the year, and bears lost...
I still one see last possibility of NQ ramp towards 4450, and then perhaps a rollover...but above that level, and the likelihood grows that NAZ Comp takes out the big double top and keeps on truckin' upside....
Bottom line, until bears can close things below SPX 2040 or QQQ 105, bulls now have benefit of doubt going forward....
But should those pivots now get broken, would be massive failure on bulls part...
RUT hourly actually has a beautiful look at things.....looks at this point that bears just plain ran outta gas and time....now we see if the bulls can go up and take out 1125 area and re-initiate bull advance more intermediate term....