Stocks traded within a short-term consolidation on Friday, as investors took some profits off the table following the recent advance. The broad stock market accelerated its uptrend after breaking above three-week-long consolidation a week ago. Will it continue its uptrend or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

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Stocks were mixed on Thursday, as investors took short-term profits off the table following recent advance. The broad stock market accelerated its uptrend after breaking above three-week-long consolidation on Monday. The S&P 500 index got closer to March local high. Will it continue its uptrend after a brief correction or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.

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Investors' sentiment continued to improve on Wednesday, as the broad stock market accelerated its short-term uptrend following Monday's breakout above three-week-long consolidation. The S&P 500 index gets closer to march local high. Will the uptrend continue? There are still two possible medium-term scenarios, but bulls are much happier now.

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Tuesday's trading session was pretty much uneventful, as investors' sentiment remained bullish following Friday's monthly jobs data release, trade war tensions easing. But will short-term uptrend continue? The S&P 500 index broke above its recent highs. However, there are some resistance levels ahead. And there are still two possible medium-term scenarios.

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Friday's rally continued yesterday, as investors' sentiment remained pretty bullish following Friday's monthly jobs data release, trade war tensions easing. Blue-chip index gained some strength vs. technology sector finally. But will uptrend continue today? The S&P 500 index broke above its recent highs. However, there may be some resistance levels ahead. There are still two possible medium-term scenarios.

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