What concerns me is that whether any weakness, is very short term in nature or intermediate term that warrants another trip to the bottom of the range.
That's the question.
I had commented about a likely 2-3 days of setback due to heavy resistances between SPX 2000 and 2035 in my last thread. Friday's Doji Star is a sign of that. Had it not been for the lack of volume (participation), Friday could easily have been a down-day. AAPL rallied 2.39% and contributed 9% of the NDX volume had also helped lift the market.
So, I can see the merits of selling Friday's close. I can even see a likely 1% - 2% selloff on Monday and/or Tuesday. But those VST moves are for my day-trading accounts. I'm more interested in getting the confirmation of whether or not it's going back to another 6% trading range like the previous 6 months except at the lower level. A new trading range means a likely retest of 8/24/15 low 1867.