Filling the gaps

After an impressive oversold bounce, the overall market looks set to close the last gap on the chart to $401. The earnings season is mid way through and so far the companies met the expectations. Depending on how the big guns AAPL, AMZN, GOOGL and MSFT perform, we may see a push to $407-410 in the coming week. A few digestion days above $390 will be constructive before the next leg higher.