$SPY reached R3 on 135.76. Could still run a bit, but any current strength should be shorted as a scalp trade into the close. This is not the time to get sucked in. What may look like a good and ideal position to swing, could drop on your head come Monday. We might run a bit just to get some fools trapped going into next week.
Remember that with this close we are back over neutral to oversold territory. Meaning we still got something like 60% downside. So please be cautious, and I suggest taking 1/2 off if one went long today, or even better yesterday.
May you all enjoy your weekend, with family and friends.
