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S&P 500, Nasdaq Breakouts Set to Accelerate Higher: Key Levels to Watch Today

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S&P 500 News

US Small Cap 2000,Ishares Russell 2000 ETF,NASDAQ Composite

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

. The Nasdaq breakout looks ready to accelerate higher. When we look at relative performance, the Nasdaq is surging away from both the S&P 500 and). Where there's a kink is the 'sell' trigger for On-Balance-Volume, although the indicator itself is flipping back and forth across the trigger line.

The Russell 2000 is back inside its trading range, weakening the significance of Thursday's losses. The index has found support on its 20-day MA, but the 20-day MA is criss-crossing its trigger line which weakens its ability to play as a buying zone.

 

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