Stop Press!! S&P500 Down 0.3%!!!

Perhaps Doom Is Upon Us - But Probably It Isn't

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Up Until Further Notice

by Alex King

Still only-up. The major indices yesterday pretended to be down then raced up into the close; the Russell was strong all day. Until that trend is broken, it will continue.

The indices are down a little at the time of writing (10am Eastern) but nothing dramatic. For now, the trend remains up in our view.

Charts

Paying members, scroll down for our take on the S&P500, the Nasdaq-100, the Dow Jones 30 and the Russell 2000.

Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.

US 10-Year Yield

S&P500 / SPY / ES / UPRO

If, big if, the ES chart below, a more bullish look than we have adopted previously, is correct - then it would be supporting evidence for a longer term bull move in the S&P too.