The market internals are strong today showing us buying pressure to the upside. Today every I traded went on my favor and we are closing gains for the week
TIF and TSLA Long and SINA and VXX Short. I will be closing the VXX trade short this week.
The SPY its likely to find resistance at this levels and I will not be initiating new longs here.
There are not many seller in the next resistance levels but I do not want to be holding large positions over the weekend