The market is very weak and not for us little frogies. I have closed most of my longs. If market continues like this, most likely next week we will have code red. In that case, we should just take a break from trading and enjoy the new summer.
Key day for our frogies. If today SPX can sit on 1392/5, we will have code green again. Repeat, code green will be issued if SPX can break April 17 high decisively.
Code green is a go, repeat, code green is a go. Given this could the last run up for us little bull frogs before a real and painful correction, proceed with light load... don't bet your farm on it......