Nasd 100…FANG names are attracting the new buying.
A close over 5636 keeps the Nasdaq in a Risk On footing.
Spu’s…need a close over 2379 to keep the weekly pattern intact.
The later it gets in the day the greater the propensity of a melt up.
Short-term traders can still sell closer to 2379 early in the day looking for price rejection but only for a scalp, not a longer-term short.
Fighting the Bull late day on a Friday has proven to be a very low probability endeavor.