April 17, 2014: SPX extends gains ahead of last week’s Good Friday market holiday.
SPX extends gains ahead of last week's Good Friday market holiday. However next week, equities will not have normally bullish seasonality and option expiration related influences to support prices. Headline risk and general market dynamics will likely weigh on prices with a test of new moving average support levels (former resistance) anticipated. The outcome of any future tests will determine the quality of this current rebound.