Last week's rally has drawn markets back into the middle of their trading ranges, but there is an opportunity for the S&P and Nasdaq 100 to finish next week with a MACD trigger 'Buy'.

In the S&P, until 1,129 breaks it's hard to see the post-April trading range going anywhere and volume will need to pick up. Stochastics are in no-mans-land, the recent decline failed to push either short or long term stochastics into oversold territory - has this rally come a little early?