After a big year-end rally, the stock market attempts to consolidate gains in January.

That consolidation has several stock indices and ETFs trading near recent price highs.

“The facts, Ma’am. Just the facts.” – Joe Friday

Today’s chart 4-Pack highlights a key bank stock, JP Morgan $JPM, the S&P 500 equal weight ETF $RSP, the Nasdaq 100 ETF $QQQ, and the Nasdaq 100 equal weight ETF $QQEW. And as we mentioned, breakout tests are in play at each (1) across the board.

I agree with Ole Joe that breakouts at (1) would be bullish for the broader stock market.

That said, RSI is currently near the peak levels of 2-years ago. It will be interesting (and important) to see what happens here. Stay tuned!

This article was first written for See It To see the original post, CLICK HERE.

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