Big day from a technical perspective:
The SPYs broke through upside resistance and moved above the 200 day SMA. Also note the 10 day SMA is moving above the 20 day SMA.
The QQQQs -- which are already about the 200 day SMA -- also broke through upside resistance today. In addition, the 10 day SMA broke through the 20 day SMA
The IWMs broke through upside resistance as well, moving above the 200 day SMA on good volume.
However, notice the MACD on all of the following charts. I ran the daily chart back 5 year on each average. I have to wonder how mush upside is left.
