A mixed bag for the indices as it was left to the Russell 2000 to try and extract some positives on the day. The Russell 2000 closed the day with a bullish hammer on support of the 20-day and 50-day MAs.  The 'hammer' almost game in as a dragonfly doji or indeed, a bullish harami cross. Again, we have to factor that this action come in the middle of a trading range, so it may turn out to be nothing more than noise.  Today's gain wasn't enough to stop a MACD trigger 'sell'.

We are starting to see a pick up in Large Caps loses as the bearish wedge in the S&P continues its move towards its ultimate resolution.  The index now finds itself at its 20-day MA with 'sell' triggers in the MACD and On-Balance-Volume.  Expectation is an undercut down to wedge support

Most of the attention will have been on cryptocurrencies today, but for markets, it was another dull day.  The S&P barely moved the needle as it continued its snail-paced ascent. It's weekly MACD has effectively flat-lined with only its accumulation trend in On-Balance-Volume showing signs of bullish life. 

The Nasdaq managed to emerge with a small gain on Friday which was enough to return the index to its leadership roll. Technicals are net positive and despite Friday's lower volume it remains well placed to push on.