The markets continued their winning streak today as tech led once as the Nasdaq closed up 0.36% and reached new all time highs. The S&P also made another new all time high and posted a gain of 0.26% while the Russell 2000 gained 0.22% and is inching towards its all time of high of 2,735.10 set on January 22nd. The VIX was up over 5% as markets as markets were a little weak in the morning, but it closed near its lows for a loss of 1.27%.
Technically not much changed again as markets are less volatile now and they remain in their primary ranges. The Nasdaq doesn't start any new trends for tomorrow and the first resistance level to watch will be from its prior uptrend (blue) again at 24,290. Its primary uptrend is much further away now and is unlikely to be tested. On a pullback, the only real support to watch will be from its primary uptrend at 23,980-23,985.
The S&P doesn't start any new ranges either for tomorrow, and the next resistance level to watch will be at 7,115-7,120 from both its prior uptrend (yellow) and its primary uptrend (white). Meanwhile its primary uptrend will also be the next support to watch at 6,976.
The Russell 2000 hasn't hit new all time highs with the S&P and Nasdaq yet but may get there soon if this rally continues. For now its primary uptrend (white) is going to be the first support to watch at 2,703. If that breaks, its prior uptrend (purple) will be support at 2,695. Its primary uptrend is the only resistance to watch, but it's pretty far away at 2,800 for tomorrow and is unlikely to be tested.
