It was a positive finish to the week on Friday with indices undoing Thursday’s losses. All markets are well placed to post gains. The NASDAQ is working on a bullish handle trading above the last swing high.
The S&P is running in the upper part of its trend range, with the 20-day MA coming up to lend support. Technicals have seen a new ‘sell’ trigger in the MACD, but other technicals are positive.
Indices are set up for potential bullish follow-throughs. Now, it’s up to traders to deliver.