Market Indecision
Declan Fallon | May 21, 2015 12:58AM ET
A day of whipsaw for the markets yesterday, with the FOMC Minutes not pushing the market in a decisive move one way or the other. The S&P is holding its breakout, and sticking above 2115 support, although it lost further ground against the Russell 2000.
The NASDAQ finished with an indecisive spinning top just above support. Volume climbed in what was marked accumulation. But again, no real advantage one side or the other. However, the index is enjoying a relative advantage against the S&P.
The Russell 2000 is perhaps best positioned for further gains. While yesterday it also finished with a doji, it followed Tuesday's range day in the upper part of Monday's range.
Today is another day. While breakouts hold, bulls have the edge.
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