Thursday and Friday were very interesting trading days! A massive selloff on Thursday and early Friday and then Friday afternoon ended in a reversal on pretty decent volume. If this is the temporary pullback bottom, this action would be a perfect headfake which probably tricked a lot of traders. One candle is not enough evidence of the pullback bottom, and I am very wary of 1025 support and the 200 day moving average acting like a magnet here. So, be on your toes!
I am 100% cash now and am looking for continued market strength before putting any positions on.