Is the bullish run coming to an end? the S&P 500 closed at 4,192 (-0.14%)

Though in the midst of a 5 day uptrend, gaining a total of 3.22%, (136.83 points), Friday's session suggests run might be coming to an end — down on the day: the S&P 500 closed at 4,192 after ranging between 4,180.2 and 4,213.

The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. The S&P's upper Bollinger Band® is at 4,266.33 which indicates a further downward move may follow. In contrast, the S&P 500 could begin to recover as it approaches significant support, now 14.83 points away from 4,177. Dipping below could be an indication that further losses are ahead.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for the S&P 500.

In the meantime, negative performances are also seen in other markets, Hang Seng lost 1.4% Friday and closed at 19,727.

Other assets are showing positive performances as ASX 200 improves 0.59% Friday and closed at 7,236.8.

The index has been trending positively for about 2 months. The S&P 500 has recovered 17.36% since descending to a significant low of 3,577 around 7 months ago.