Appears to have been a nice chop/chop and sideways action in the SPY, as trader were still in the discussion mode of which way to take this market into the weekend. No much volume, so the machines took us into the close for a new high. It also appears we are going to make a bit out of earnings starting next week. Would you like the markets to have a paddling for 10K and below or a 10% drop or next week? Humm, also option ex is next week, mm, ppt, and hft will probably put the brakes and put the markets in sleep mode.
