SPY Bulls Have the Advantage But At Major Resistance

Bulls have the advantage over Bears going into trading next week. However, no one really knows for certain if SPY can break through that the $212.50 resistance that has held for all of 2015. Proof of that uncertainty is the doji pattern that formed right at resistance on Friday.

What was absolutely awesome though was consumer cyclical stocks rocked earnings last week. Earnings season will no be as big a disaster as many traders had feared.

I talk more about this in this weekend's stock market prediction show broadcast every Saturday evening on YouTube: youtube.com/watch?v=4NY8cpS6MD4