Bearish finish to week
Bulls weren't able to close out the week on a high as Friday's candlestick was a mix of a bearish engulfing pattern or black candlestick (lower close to open, but close above prior day's close). In the case of the Nasdaq, the gap closed but the 'bull trap' remains unchallenged. The Nasdaq closed with a 'bearish' black candlestick on higher volume. The MACD trigger 'sell' remains but other technicals are positive.