Guy S. Ortmann, CMT | Dec 08, 2017 10:14AM ET
All of the indexes closed higher Thursday with positive internals on the NYSE and NASDAQ as volumes rose from the prior session. No resistance levels or near term trends were violated, leaving all of the index trends unchanged and a mix of positive and neutral. One potentially bullish signal was generated on the NDX discussed below. The data is essentially neutral across the board, yielding no strong directional implications. As such, we remain of the opinion that the current trends of the various indexes should be respected on their own individual merits until proven otherwise.
Near-Term Chart Trends Unchanged
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