Suffice it to say, the S&P 500 and Nasdaq are well on their way to shaping the right-hand side of bases coming off 2021 highs.
There is still a chance these bases can fail, but until I next post, I expect these rallies to continue on weekly timeframes.
It remains a little more sketchy for the Russell 2000 ($IWM), but the convergence of moving averages as support on the weekly time frame should provide the necessary support to help it advance above $195.
Maybe by my return in July, it will have done so?
See you in July (if not before).