#Market
Art Cashin often says that markets don’t bottom on Friday’s. So unless we get a big woosh down into the close, I’m planning to hold off until monday before making more trades. Luckily for me, my trading account was sitting very close to being all cash, had very few open positions left going into today. So I’ve got a lot of dry powder to put to work. Just did some nibbling today, early next week might provide chances to really do some selling.

I did some charting of the $SPX this morning looking at some fib levels and some other random levels.

Fib retracements from the Brexit bottom to the high.
23.6% 2146 (right where we are as I right this)
38.2% 2116
50% 2093
61.8% 2069

Fib retracements from Feb low
23.6% 2103
38.2% 2047
50% 2002
61.8% 1956

Other levels
3% pull back 2127
5% pull back 2083
Flat on year 2045