It's probably down to the Dow to lead bulls out.  Other indices are too far back to make a difference, and the S&P isn't close enough to suggest it will do the lead out. Volume climbed to register accumulation, a good sign for bulls looking for more. The Dow managed a picture perfect 50-day MA, and now could be at an all-time high by the end of the week.

Solid action from bulls in Large Cap indices keeps the potential breakout in play. The Dow looks more likely to lead out. Volume was down on yesterday, but it will need to pick up if a breakout is to holiday.  Look for a breakout in the coming days.

After a quiet Easter week, things got a little hot under the collar for both bulls and bears.  Bulls were able to throw the last punch, but the fight is not over. Yesterday saw wide range days, higher volume accumulation in Large Caps, and important defenses of moving averages. Starting with the Large Caps, the S&P and Dow both did well. The Dow edged it with a rebound from its 50-day MA and is angling for a break to new all-time highs. Technicals are net bullish.

All indices returned to losses. Tech and Small Caps suffered most, Large Caps the least. Losses in the S&P returned the index back to its 20-day MA. Further losses on Monday will set up a potential bearish head-and-shoulder reversal, but buyers have something to work with on Monday.

It was a rough day with a big gap up, followed by a rapid sell off, then a nearly as quick recovery, before markets drifted lower. But by the end, bulls had done enough to suggest higher prices are in the works. Large Caps remain the indices best positioned to benefit over the long term, with the Nasdaq and Russell 2000 offering day traders the best opportunity to benefit based on intraday volatility. The S&P is nicely positioned to challenge the April peak.  It's also regaining some of the ground it had lost against the Russell 2000 during the April bounce.

The S&P experienced a small loss on lighter volume. After a long series of gains, today's loss was welcome, and doesn't change the larger bullish picture.  Technicals remain bullish, and with the 20-day and 50-day MAs converging, the chance for a retreat and bounce at these MAs remains compelling.

The S&P banked another gain while the Dow touched resistance. Percentage gains in the Russell 2000 and Nasdaq were greater than the Dow and S&P, but the outlook for the latter indices looks better. The Dow is nicely positioned to break upside, perhaps by the end of the week. Tuesday registered as an accumulation day, marking good demand from buyers. Bears may try to push their luck tomorrow, but the close proximity of 20-day and 50-day MAs makes any selloff unlikely to hold.