8 Market Charts Show What’s Bullish, What’s Not

The bulls continue to run the show. There’s no doubt about that. Let’s see what Wednesday () has in store, but for now, here are some indexes ranked from most bullish to least.

First we have the , which is simply raging higher every single day. It has broken above its wedge and is at a lifetime high.

COMP Chart

Similarly, although a little more subdued, the have the same situation.

RUT Chart

And, so too does the . This one is at least still within the confines of its wedge, as opposed to floating out in the stratosphere like the Dow Composite.

SPX Chart

The land of tech stocks hasn’t been quite so unabashed. In fact, there are still a few drops of bearish blood coursing through the veins of the .

COMPQ Chart

As well as the .

NDX Chart

Although the is virtually identical to the chart above, it is worth showing, since its channel break is so clean.

SOX Chart

The remains, bless it, still prone to a true downturn. There’s not much wiggle room, though.

XOI Chart

Finally, has been smothered in its crib. This is basically as low as volatility has ever been permitted to go since COVID took hold.

VIX Chart
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