Market Update – Breakouts Stall as Oil Breaks Higher, Contrasted With Limited AI Enthusiasm. Failed-Move Risk Rises

The S&P 500, Nasdaq-100, and Small Caps broke out of their week-long bullish consolidations last Thursday, yet none has produced meaningful follow-through since. That does not rule out delayed follow-through, but the longer the absence of follow-through persists, the higher the risk that these breakouts resolve as failed moves/fast reversals. AI enthusiasm is helping to…