It wasn’t a day for big moves but markets continued to post modest gains.
The S&P (NYSEARCA:SPY) registered an accumulation day on higher volume as technicals remain firm. The index is looking to accelerate beyond channel resistance,
The one potential trade for tomorrow is the Russell 2000(NYSEARCA:IWM). The index is showing an inside day to an inside day; swing trade a break of the high/lows with a stop on the flip side.
For tomorrow, momentum traders can look to the $SPY and $COMPQ and trade in the direction of the trend (higher) while the $RUT trade is contingent on the break of the 2-day range.