I didn’t expect Friday to be a positive day in the equities market.  However, China trade talks were encouraging and the yield curve flattened out, calming fears of an approaching recession.  From a technical standpoint, Friday’s candle was not very bullish, but some of the underlying indicators have improved.  At this point in the game, I’m watching EMA23.  As long as SPY doesn’t close below, we’re still in the bull camp. Any close below and shorts are likely to add to positions.

SPY Daily