Good evening, bulls.
After going through the charts, I have to say that I’m not overly confident headed into Friday’s trading action. For one, we didn’t exactly rock into the close and really faded for the last few hours. Additionally, I’m a little concerned that SPX didn’t finish above SMA20.. just a hair below. See chart.
Don’t get me wrong – it was a solid day and did some damage to the bears. Just don’t be overly confident that it’s all up and happy from here. Play what’s in front of ya.
Here are the latest additions to my Watch List: