There were a couple of things holding the system back from taking a long at Thursday’s close.
The S&P is oversold but possible it could go a bit further. Friday is not a great day to go long.
If prices do go lower we will probably see a buy signal.
I expect the seasonals will take us higher into January. The sell off of the past two days perhaps just shaking out some bulls before the rise.
The market can do absolutely anything!