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The S&P 500 rallied again during the day on Friday, reaching above the 3010 level to show even more strength.
The NASDAQ 100 rallied significantly during the trading session on Friday, testing the top of the shooting star from Thursday.
The NASDAQ 100 went back and forth during the trading session on Thursday, initially reaching to a fresh, new high again, but failed to break above the 8000 handle.
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The S&P 500 has broken above the 3000 level yet again, closing above the level for the first time.
The S&P 500 initially tried to pull back during the trading session on Wednesday but gained quite a bit of pressure to the upside after the opening statement from the Humphrey Hawkins testimony was released.
The NASDAQ 100 initially pulled back a bit during the Wednesday trading session, testing the 7800 level.
The S&P 500 initially fell during the trading session on Tuesday but did find enough buyers underneath at the 2965 level to turn things around.
The NASDAQ 100 fell initially during trading on Tuesday, reaching down to the 7750 level before turning back around and rallying quite nicely.
The stock market pulled back a bit to begin the week on Monday, and that of course includes the S&P 500 index.
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The NASDAQ 100 has fallen a bit during the trading session on Monday to kick off the week, reaching down towards the 7800 level which is an area that coincides nicely with the downtrend line that I have drawn on the chart.
The NASDAQ 100 has been all over the place during the Friday session, initially trying to rally during the Asian session, but then broke down significantly to reach towards the 7800 level.
The S&P 500 pulled back significantly during the trading session on Friday, as we have seen a very strong jobs number coming out.
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The S&P 500 of course was closed during the trading session on Thursday but the electronic E-mini contract has been trading.
The NASDAQ 100 will be very thin and reduced to short-term electronic trading during the Thursday session as it is the Independence Day holiday in the United States.