Several major markets are now poised for fresh breakouts, after having finished Thursday's session at, or just above, resistance, which has now turned into support.
The S&P 500 ended the day just below the February swing high (around 3,130) as volume climbed in resistance driven profit taking (and also ranked as distribution). Technicals, aside from relative performance, are all bullish and show no signs of divergence; so the expectation would be for a breach of resistance.
SPX Daily Chart
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