TGIF!

We have seen this week just how indecisive the market can be and it is just not ready to resume any trend either to the up or down side.

The S&P 500 ($SPY) could not hold breakout support, $210.5, so the upside challenge of $212 has failed. The range in the S&Ps is starting to narrow so expect choppy trade to continue until we get some sort of catalyst.

Tech ($QQQ) has now pulled back to short-term support, $110. A break here in the $QQQ would signal a challenge of longer-term support of $107.5.

Finally, Bonds ($TLT) have traded off the recent lows, $115.50. If bond bulls have any chance for upside price action the $121 level will have to be broken.

Well, back to watching paint dry… Have a good trading day and weekend.