Long Over The Long Weekend
Seems traders took Friday off as we saw low volume and anemic action before start of the long weekend.
The action remains looking very positive.
Let’s enjoy the long weekend and see how trade resumes next week.
SPY couldn’t get past the 248 resistance level but let’s see what comes next week.
We should continue higher.
Enjoy the wonderful and deserved long weekend.
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The good news is the market is not collapsing or even falling much. The bad news is the market isn't rising in its upwards trajectory. I expect more consolidation and little overall movement with the good side being the next test will be upwards movement. Then we will see if the market gets yanked back down towards further consolidation.