Opinion ...
SPY daily.
Bias is still up in my opinion. EMAs 50 and 100 up. EMA 20 flat, after 10 or 11 days in a base.
Huge down candle with high volume on Thursday.
MACD and STO down.
Helluva move up since January.
Why is my bias still up? Recovery day Friday, on a strong bullish candle, finishing above the EMA 20. No knockout of the bulls, who are always very resilient, and always looking to buy on pullbacks.
I hold some longs, but exited some others this week. Following Buffett's attitude, I do not fall in love with a stock. I follow the charts. For SPY itself, I am flat. I am starting to plan more for some short positions.
Next week is a new ballgame, results unknown. Careful decisions and actions required.
Just in my opinion.
Charts posted are not recommendations. They are just a sharing of information.