S&P 500, Dow Look to Push Higher and Nasdaq, Russell 2000 Could Follow Suit

Stocks Analysis by Declan Fallon covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, iShares Russell 2000 ETF. Read Declan Fallon's latest article on Investing.com

It was a bit of an off day. The gap down had all the makings of a substantial sell-off , but in the end, it was longs who came out on top.

It was interesting to see volume drop across the pattern, typical for a "bear flag", so I would not be surprised to see yesterday's gains reversed. Technicals are net positive, so there is work to do if this is a bearish scenario.

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