The S&P breakout was more subtle but still enough to register on a weekly chart. Of technicals, only the MACD is on a ‘sell’ trigger.
Indices will need to confirm their breakouts and have the Russell 2000 follow the lead of the NASAQ and S&P. Bull markets are driven by Small Cap leadership, so it will be important that the Russell 2000 can do what the other indices have already achieved. Initial signs are good, but more is needed.