Index futures look like they are starting to roll down on the daily charts, with yesterday’s respective highs forming some potential secondary tops. So far, however, the stochastic indicators accompanying the tops are regular rather than diverging, hinting that the dominant trend — i.e., up — will continue. We’ll keep a very close eye on things nonetheless, since the rally from March’s lows is brushing up against the top of a channel that goes back to 2007.
