SPY daily.
Trend is still up, barely, imo. But for me the bias is still up.
In a range, at the top of the move.
12 days in the range.
On a pause/pullback, pretty much down to the EMA 20.
Strong move down Friday, ending in a doji.
The market wants to go up, imo, but profit takers and eager short sellers are having their say.
EMA 20 50 and 100 up, and in the right order.
Volume strong the last two days.
MACD and the STO, at tops, are not helpful with continuations for the bulls wanting trends, but they do help identify turns and pullbacks.
This trader emphasizes caution, as it is neither a bull market nor a bear market at this time, imo. Mr Market is making up his mind.
A clear breakout or breakdown is needed, along with other indicators.
For the most part, I don't like holding overnight in a market that has not settled its direction. But I do have some holdings long over this weekend, amongst stocks and ETFs.
Have a good weekend.
Charts posted are not recommendations. They are just a sharing of information.