US indices bounce last week - What lies ahead?

All the three frontline indices have triggered a buy signal last Thursday. Is this sustainable? What do the charts foretell?

DJIA - A longish Bullish Harami formed at the lower boundary of a range on Thursday with a follow up green candle on Friday. Narrow congestion zone lies overhead.

Nasdaq - Big Bullish Engulfing formed last Thursday after a range breakdown the previous Friday, a sell failure. A doji formed on Friday, right at the horizontal resistance overhead.

S&P - Big Bullish Engulfing formed last Thursdayvery close to the Pivot support below with a follow up green candle on Friday. Narrow congestion zone lies overhead, similar to DJIA.

While a buy signal has been triggered on all indices as above, the overhead resistance needs to be negotiated for the signal to deliver. Can the indices manage that? How will the unpredictable nature of geopolitics pan out - in support of the technical buy or against it? Only time can tell.

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