A significant rally into the 3 day weekend with many stocks breaking out above resistance.
Is this bullish for next week which also happens to be options expiration?
Are most short term traders anticipating the bear rally to fizzle out?
Volume is a little tough to call as it isn’t above average, but it is above the volume on cosolidation days.
SPY broke out above a trendline that goes back to November – a pretty significant trendline given it lasted 6 months.
Will shorts have to cover and puke, driving the DOW towards 8300 where another test of resistance comes into play?
