At Friday’s Close the Bears Lead

At Friday’s close, the Bears lead with the SPY closing below the 50-SMA and the T-Line below the 34-EMA.

The French election will likely dominate the market today and cause both the Bulls and Bears to flex their mussels, as you can see in the morning futures. The key will be the close as emotions calm down.  The first step is to see a close over the 50-SMA followed by a close over $236.50 then $237.55.

Keep your eyes on the charts; they will tell the story as it unfolds.

Due to technical issues, I could not finish the morning report.

Rick