We continue to see weakness and that’s fine. The market has been steadily moving higher since early December so a nice break is due and will keep this bull market intact.

When we do see a move straight up and see stocks making extreme moves we will know the end of the bull market is in sight but that day is not today.

SPY is looking to break this small bear flag and could use a refreshing move down to the 226 support area where the 100 day average just so happens to sit.

Let’s see how it goes, but a weak close Friday turned the weekly chart bearish.

Cash remains my preference with a couple of shorts and maybe a few more set to pop up.