The Nasdaq continued to accelerate past its most recent upside channel on higher volume accumulation. Technicals continued to move higher in support of rising price action. While the index trades at historic price extremes it hasn't yet signaled a technical top.
 

The Russell 2000 made a tag of upper channel resistance in what was likely a continuation of any short covering generated by the original channel tag last week. The technical picture is not as favorable given the continued, sharp relative underperformance against its peer indices.However, this can also be viewed as a positive as it also represents a more sustainable rally.
 

The Semiconductor Index added a little extra to its earlier breakout as it continues to tempt sideline buyers.