A quiet session that saw almost no volatility. A nice break from the constant whipsaw we've been seeing day after day. A huge two-day move deserves a rest for a day or a few days. This will allow many very overbought sixty-minute short-term charts a chance to unwind and allow stocks hopefully to move higher again. If they move too soon you get so overbought that you can't sustain upside which in turn causes a more intense pullback to unwind. Futures were up huge earlier in the evening but calmed down as the premarket advanced.
There was some decent unwinding in solid charts so be aware that we may do more next week in terms of alerts. The one thing that isn't so great on many stock charts is the daily MACD's. Not very impressive to be honest. Some better than others. It may mean we go a bit higher, but then we'll need a rest for a while to allow proper set ups once again. Some exposure is appropriate. 2018 on the S&P 500 is now once again solid support on any selling. If we lose that again on a closing basis that would be a huge red flag and with froth off the charts once again, you can't be too shocked if it occurs. For now things are still more favorable. Let's see if we can get a drop more unwinding early next week for better alert entries.
It's my 56th birthday this evening thus a short note since there's really not much more to add anyway.