Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
). All of these indexes did a good job of pushing out of bearish patterns and setting up for challenges of highs.
The Russell 2000 easily negated the 'black' candlestick, not just gapping higher, but pushing itself outside of resistance of the 'bear flag' and above a minor horizontal resistance level . The Nasdaq moved into the 'bull trap' zone, effectively negating the bearish implications of the pattern. It's not entirely undone, but the strong end-of-day close to move technicals into a net bullish setup suggests new highs are coming.
US Small Cap 2000 Ishares Russell 2000 ETF NASDAQ Composite
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