Bears had it most of the day, and hard, but those bulls keep thinking they’re gonna get paid off if the turn it. Which, of course, they’ve been right about. Thus far. If you ask me, it is long past time to spank the cocky. (Stop that. You know what I mean.) The $SPY 200 DMA seems to be a universal expectation, which remains to me an outstanding contrarian signal. One way or the other, the burden of proof has shifted back squarely to the bulls.

Without further ado, a buncha recaps:

Careful out there. I’m mostly taking the day off, as approximately 139 shares will trade in “anticipation” of the long weekend.

Advertisements