Friday's session closes with the NASDAQ Composite Index at 3,459.14. The total shares traded for the NASDAQ was over 1.42 billion.

... back to their rising 20 day moving averages, let's update the current structure and short term reference levels in the S&P 500 (INDEXSP:.

Monday's session closes with the NASDAQ Composite Index at 3,496.43. The total shares traded for the NASDAQ was over 1.69 billion.

Wednesday's session closes with the NASDAQ Composite Index at 3,471.62. The total shares traded for the NASDAQ was over 1.78 billion.

Tuesday's session closes with the NASDAQ Composite Index at 3,462.61. The total shares traded for the NASDAQ was over 1.76 billion.

Perhaps more important was Friday's surge in the NASDAQ Composite Index (IXIC) which broke above key trend line resistance that dates back to 2001 at 3,330.

Wednesday's session closes with the NASDAQ Composite Index 16.64 This is the 4th straight day of increase for the index.

Thursday's session closes with the NASDAQ Composite Index at 3,340.62. The total shares traded for the NASDAQ was over 1.71 billion.

Friday's session closes with the NASDAQ Composite Index at 3,279.26. The total shares traded for the NASDAQ was over 1.62 billion.

During the session, the index added 11.4 points, or 0.7%. Tech stocks were the day's outperformers sending the Nasdaq Composite (COMP) up 27.8 points, or 0.9%, to close at 3,307.02. In intraday activity, the COMP pegged a new 12-year high of 3,315.33.