Good employment numbers drove the markets to new highs on Friday and the general rule of thumb is...don't short new highs.
Trader's Outlook is neutral to modestly bearish....betting on a mean reversion trade.
Looking at the current SPY and TLT VDX charts we see (surprisingly that SPY is not overbought and TLT (on massive volume Friday) continues its bullish run as projected by the recent Ponzo.