Priced moved higher for the second day in a row but with smaller gains than on Thursday. With the NASDAQ closing up 1.05 percent, the DJIA increasing .99 percent, and the S&P500s .82 percent, the market scored its second up-for-two-days this week, with todays gains just short of Tuesdays. Thus the pattern for the week is +2/-1/+2 that is two increases, after a decline that followed two straight gains.The record shows 30 such repetitions since 1950, with more than half, 18, happening since 2000. Noteworthy is that their incidence favors the recent past as well as rising price trends. Whereas not a single occasion appears during the entire period between 1950 and 1979, and only four over the following 20 years, all 18 are concentrated between 2003 and today. 
The diagram of the S&P500 indicates when these 18 days occurred: 13 while prices were on the rise during the 2003/2007 expansion and the other 5 over the following 2007/2009 decline.
Similarly, consider the price changes on the following day; both the NASDAQ and the S&P500 posted gains 10 times and fell on just 3 while prices were rising. During the following falloff in prices, the count goes the other way, with only 2 plus days but 3 declines on the next day.
Once more, the analysis of past patterns reveals that todays profile, associated with rising values, supports a similar outlook for the future.
DJIA .99 percent
NASDAQ 1.05 percent S&P500 .82 percent