Intraday Update – Intraday Consolidation

1:40 p.m. ET S&P, Dow and Small Caps have come within less than a quarter-percent of Thursday’s morning highs. The NASDAQ-100 has come within a half-percent of the same high. A breakout above those respective levels means the 3-week consolidation/correction trend of minor trend lower highs/lower lows would be broken with the first higher high…