Friday, February 28, 2025
Friday’s late-session surge was an impressive display of strength, but without confirmation, it remains a potentially short-term bounce rather than the start of a larger reversal. The S&P 500, Nasdaq, and key individual stocks like Microsoft and Nvidia are still facing overhead resistance from anchored VWAP levels and declining moving averages. If the market is to sustain this upward momentum, it will need to hold key support levels and establish higher lows in the coming days.
