The Market Trend Model continues to show positive trends despite some of the lowest trading volume days in the past two years.
The S&P 500 continues to grind higher as this index broke out of the ascending base I noted last week. The Nasdaq 100 broke out of a similar ascending base a week earlier.
The Nasdaq and Russell 2000 continue to wedge higher on the right side of head & shoulders chart patterns. Both of these indices printed distribution days on Friday as they challenged areas of resistance.
Once again the market appears to be at a critical juncture. Price action next week may dictate the market direction for the summer months.
View all of the Market Trend Model price charts at http://bit.ly/M_Trend_Model.