kind of looks like failed H&S patterns on a lot of indexes, unless this rally is a right shoulder, the bulls have turned the summation indexes (both) up, do they have enough strength to break us out of this mumbo jumbo for the last 2 months -g-
You doubted the 50SMA? Oh yee of little faith! Bulls are fortunate the SMA was at 1386, as the COMP probably otherwise would have dropped to just above it if it were below 1384.
Dow liked round number 8600 going into the weekend, and that's normal.
Check out the ADX on the SOXX 60-minute. It's amazing. The D-pushing zero. (no time to post a chart right now). You don't see that too often, even on a 60-minute chart.