Narrow Leadership Rally: Mega-Caps Backtest H&S Necklines as Rare ABI Signals Cluster

Technology leadership led to a solid session for the indices ahead key earnings after the bell, though the breadth of the advance was far narrower after Tuesday’s 1-day overbought internals signal. Tech’s leadership preceded: Nvidia (NVDA +1.4%), Salesforce (CRM +3.5%) and Snowflake (SNOW +5.15%) earnings after the close. Data was on the light side: The weekly MBA…