Stocks reversed higher on Friday following reports the Fed sees a "scope for further action" to stimulate the economy,
The S&P 500 traded in a wide range after early selling pushed the index below 1400. It then bounced at 1398.04, Friday's low, and closed higher by 9.05 points, or 0.65 percent, at 1411.13.
The Nasdaq 100 rose 16.03 points or 0.58 percent at 2778.05 after shares of Microsoft added more than 1 percent to close at $30.56.
The Russell 2000 small cap index underperformed, advancing just 3.19 points, or 0.40 percent, to 809.19 after investors took speculative profits off the table ahead of the weekend.
S&P 500
Resistance is now 1412, followed by Friday's high of 1413.46, then 1415 and 1420.22.
Support is now 1410, followed by 1409.08, then 1406.52 and 1398.04.
Nasdaq 100
Resistance is now 2780, followed by Friday's high of 2785.32, then 2788 and 2790.
Support is now 2775, followed by 2770.36, then 2762.66 and 2758.
Russell 2000
Resistance is now 809.50, followed by 810.52 then 812 and 815.
Support is now 808.60, followed by 807.16, then 805.70 and Friday's low of 803.24.
