We had another doji day in SPY today after yesterdays doji day. Doji means indecision and market is trying to find its next direction. Some positive divergenhold ces are starting to appear though in markets. Financials are starting to outperform a little. Fridays reversal is a crucial one and that low needs to hold on closing basis so that markets can start to regain its footing.
There is saying 'when in doubt stay out'. Thats probably true for next few days till markets makeup its mind, and may be small size with thight stops is the way forward or total in cash position is also a good option.
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