I don’t see much edge for either bulls or bears except that both VIX and SPX were up on the day which according to the following chart, next Monday should be a down day. I wouldn’t read too much into this though as both VIX and SPX were just up a tiny little bit which probably meant nothing significant.


On the other hand, from seasonality point of view, the next Monday is very bullish. But again, as SPY has 7 unfilled gaps, and the recent actions were enough to convince me that it couldn’t hold the 8th gap for more than a few days, so if I were a bear, I wouldn’t be too worried about any gap up open on Monday.


Have a nice weekend!