The bottom line, the short-term trend is up and I hold tiny little long position over the weekend, not sure if it’s safe though.
I’m a little bearish biased toward the next Monday for 2 reasons:
When ISEE Indices & ETFs Only Index closed above 100, 25 out of 35 times (71%) SPX would close below today’s close within 2 trading days.
When TICK closed above 1,000, slightly bearish the next day, at least SPX was unlikely to up huge.
Enjoy your weekend! And happy Thanksgiving for my fellow Canadians!