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The bottom line, the short-term trend is up. I hold partial long position over the weekend.
SPY has been up 7 days in a row, does this mean a bearish the next day? Well, long at today’s close and sell at the Monday close, you have 61% chances since 1991. So, it’s not essentially bearish, isn’t it?
How about the old “Bullish Monday”? Well, I don’t know since we have far more up days than down days those days. At least it’s not as bullish as “Bullish Friday”, isn’t it?
Enjoy your weekend!