Stock Indices Attempt Breakout In Multiple Timeframes

While there are mixed signals from the Stock Indices, the SPY and QQQ appear to be attempting an upside breakout. Total volume on both Indices appears to be increasing as the upper extremes are being tested. Earlier this week there was an attempt to break through the lower extreme but it failed. The important question on Monday is whether there will be follow-through. There is an important news event with the Fed meeting next week, and that can change the perception of value.

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