By Lawrence G. McMillan, MarketWatch
AFP via Getty Images
The stock market continues to trade higher, with the Nasdaq Composite leading the way, and the Dow Jones Industrial Average lagging.
The S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.16% is where we concentrate our analysis, though, and it is between those two. It is moving higher, but at what seems to be a somewhat plodding pace. Each time that a resistance level is overcome, and one might expect the S&P to finally shoot higher, it almost immediately runs into more resistance. So far that has not hindered its labored progress, though, for the bears have not been able to mount any sort of downside move.