Just as it looked as though the Smart Money wouldn’t show their faces before the holidays, Friday’s volume soared signaling a large batch of orders taking place.

From the initial analysis, the S&P 500,  Nasdaq, and Russell 2000 all had bullish price action, closing near or at the highs for the day, and the Dow 30 and NYSE showed signs of supply, closing off highs, which could ultimately be bearish.

Squeezing this for even more analysis, we can see that the broader indexes showed bullish action. To me, this would suggest that overall,Friday was a bullish session because more total stocks were sampled to have better return on the elevated volume.

For a much more complete view of how this day will affect future market movement, we will have to wait until Monday’s session. If the indexes move higher with strength, we will know that today had to be buying and can expect higher prices until further Smart Money orders take place. If prices are unable to close on highs and show weakness, we can conclude that there was selling amongst Friday’s trades and can anticipate lower prices to come.