Dow Index’s 5-Day Advance Still a Range and Nasdaq 100 Overtakes the 200 SMA

[BECKHAM]

After a significant level of intraday volatility, the major US indices managed to close firmly in the green Thursday. And yet, the backdrop of the market continues to undermine enthusiasm for developing technical moves into genuine momentum. For the Dow’s range, that seems fitting but the Nasdaq 100’s key break will rouse discord.

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