Will the Breakout Hold?

The market is below key support at SPY $760.40 after a hot inflation reading.

PRE-OPEN MARKET COMMENTS THURSDAY - This morning the S&P 500 is down more than 40 points after a .4% increase in PPI (m/m). The price action has been soft all week and we are testing the L- trendline of a downward sloping trading channel. This also coincides with the 50-day MA so this is an important price level.

Daily Bulletin Continues...