The S&P kept things moving along with a new closing high for the week. Volume was a little disappointing, but technicals are all bullish. 

Some days markets move, some days they don't - this was one of those latter days.  There wasn't much going with today's index action, with cryptocurrencies hogging the headlines. The Nasdaq remained on breakout support.

Gains for indices were enough to drive new swing high breakouts. There wasn't a whole lot of volume following the Easter holiday, but the intention was clear. The Nasdaq managed a new closing high which cleared both the late February and March swing highs on the back of a bullish cross in momentum stochastics, and a continued improvement in relative performance to Small Caps.

All indices made gains, but only for the S&P was it significant. Even then, the S&P still has trendline resistance to overcome despite the new closing high. Technicals for the S&P are net bullish, and more importantly, the index is a relative leader. Volume could be better, but any gain from here will be enough to clear resistance and accelerate gains.