Today there was no surprise to see a breakout in the Russell 2000 after the lead-in it enjoyed. The Russell 2000 also enjoys relative leadership against both the Nasdaq and S&P. The current advance is bound by a rising channel, but is also at new all-time highs.

The Nasdaq pushed to challenge the 'Bull Trap', but it hasn't closed above such resistance. Tomorrow may offer the opportunity to follow the lead of the Nasdaq.

The S&P is the lagging index, but should the Russell 2000 and Nasdaq add to their gains then they are likely to drag Large Caps along with them.

The Semiconductor Index is still playing to the bearish wedge, and it's the best chance bears have tomorrow.

For tomorrow, bulls should look to the Nasdaq and Nasdaq 100 to drive a comparable breakout as enjoyed in the Russell 2000. Shorts may want to keep an eye on the Semiconductor Index (although weakness in Semis will impinge on Tech indices).