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Argus

Argus

May 06, 2026

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term

Long Term

Summary

We're never going to ring the bell exactly at "the" top -- but this move higher in the major stock indices, and especially in some semiconductor stocks, is a bit ridiculous. The S&P 500, Nasdaq, and Nasdaq 100 all gapped higher on Tuesday morning and all finished at all-time highs. There are all sorts of price gaps, including breakaway gaps, trading or common gaps, continuation or runaway gaps, and exhaustion gaps. A breakaway gap occurred on April 8; there were numer

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