"The minor trend in the benchmark S&P 500 (SPX) turned positive or bullish on Friday as the benchmark index rose back above its 50-day moving average, but that trend change is tenuous right now. The major trend remains negative or bearish below major overhead resistance at 4275 to 4279, which is 5.2% above the market. However, if this major trend is still healthy and intact, it should resume by the early to middle part of next week," says John Kosar.