A strong close Friday for stocks is what we wanted to see and tells me we remain setup for a breakout higher, but if not, it doesn’t take long to exit my positions.
We still look good for higher and have a neutral reading in terms of overbought/oversold.
Nice stuff from SPY who held the 202 support level Friday.
There is an abundance of talk of weakness and going with the crowd usually doesn’t pay off but time will tell.
