[Smile] S&P inched down 0.19% to close at 4391.35posting weekly gains of 0.79%Wall Street decided to push all 3 major indexes down in the last 1 hour of trading on Friday. Bond Markets closed on Monday for Columbus Day can give a breather to the 3 indexes before what is to come on Tuesday.[Smile] S&P 500: Once again it failed to breakout of the trend line retreating immediately touching resistance at $4429. Now sitting below the 50 Ema the bears might try to push the price down to the next key level of support at $4369 next week. On the other hand bulls could try to consolidate above support of $4369 before making a strong breakout passing through the the trend line and resistance at $4429. However with rising 10 Y treasury this could foil the plans for the

On Friday, Nasdaq closed 0.51% down and once again got rejected by the trend line likely because of the 10 Y Treasury yield closing above 1.6% after almost 5 months closing at 1.613%. QQQ NASDAQ’s ETF is sitting right above support of 360Overall Performance for the week: Nasdaq up by 0.09% with 2 red days and 3 green daysPrediction for next week:If bears are able to to Nasdaq QQQ below 360 and close below it bears could be in control and push the price of QQQ to around support at $351/share. If bulls are able to maintain support at $360/share and possibly break out of the trend line, then we are likely to test $370/share and break new highs again in a few weeks timeRising 10 Y notes are definitely something towatch next week$NASDAQ(.IXIC)$