Friday's gains return challenge on Tuesday's reversal
There was a solid finish on Friday across all lead indices which did much to undo the prior two days of selling and push indices into a challenge of Tuesday's topping patterns. The accompanying higher volume was the result of options expiration, but for recent days where we have see higher volume, it has come from the buy side. The S&P was able initiate its gain from its 20-day MA, but the real fun will come if it's able to close above 3,800. There is a MACD trigger 'buy' to work with - although it's a weak signal because it's below the bullish zero line. Other technicals are negative, including a sharp drop in the On-Balance-Volume trend.