Courtesy of Declan.
After Friday’s options expiration it was left to bulls to pick up the pieces of Friday’s distribution selling. Large Caps were able to erase Friday’s losses. In doing so, the S&P regained its net bullish technical picture.
The Nasdaq banked most of its gain by the open, but it did enough to leave a decent amount of wiggle room to breakout support.
The Russell 2000 was another to kick on from Friday. Again, as with Large Caps and Tech indices, the bulk of gains were banked prior to market open.
Greece will again govern the headlines, but with limited technical resistance there isn’t much to stop further gains. Will this move into blowoff territory?