What now?

In summary, the SP-500 chart has been "wounded" a bit by falling below the January highs and by the fact that there is considerable overhead resistance at 3900-3950. However, that is not a bull market "killer." It could trade between that resistance level and 3630 and remain in a neutral state.

Whether or not a choppy Friday in today's context yields a crash Monday call over the weekend remains to be seen. And, frankly, should not yet be a factor until we at least see the afternoon action.

Observe, don't analyze and see, don't think; the third Friday in February of 2020 and this third Friday in February of 2021. SP-500 chart showing lots of similarities. January high is now support area to watch. For now, the line of least resistance continues to be to the upside. Move up the stops daily and enjoy the ride.

Years ago, the great Sir John Templeton said, “The secret of my success is that I buy when everyone is selling, and I sell when everyone is buying.”

In the market, you can make excuses or you can make money, but you cannot make both.