Friday was the type of "gap up and then stumble gradually higher day" that is known for its ability to cause traders to quit en masse and pursue new careers in less demanding fields, such as spearfishing, so there's not a ton to add to the prior update. Maybe the most noteworthy near-term chart at the moment is COMPQ:
NYA is still in the same basic place as last update:
And SPX has now given itself just a little breathing room:
I'll add one more chart for consideration, but the caveats are outlined on the chart:
In conclusion, not much else to add from Friday's update. This is potentially a critical time in the market, as bulls need to hold the general zone of the most recent lows. A sustained breakdown could signal significant bear moves on the horizon. Trade safe.
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