The breakout was confirmed as higher volume participation is present. Bollinger band plotted on the Daily timeframe has started to expand which tells that the volatility for the prices to go higher is rising.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.