Market Update – Yesterday’s Breakout Stalls as Follow-Through Fails to Appear

Two observations: Neither the S&P 500 nor the Nasdaq-100 are seeing any meaningful follow-through from yesterday’s breakouts. Small Caps and cyclical sectors are leading. Yesterday a more bullish Ascending Triangle and much more constructive 3C charts were noted and the following was posted yesterday: ” it appears there’s rotation to the index that has no…