Great action from markets Friday as we continue to setup for higher prices.

It’s nice to have a good cushion in our positions and be able to let charts work and setup to continue higher if indeed that is their next move, but it sure looks like it is to me.

Great stuff from SPY as it remains in this horizontal channel which should soon see a resolution higher.

I’ve still got a 10% weighting of SPY in my portfolio from 202 with an eye on the 215 area for stops.