This Is A Market Warning Sign

When the market does not rally into year end it is a bearish omen.

PRE-OPEN MARKET COMMENTS MONDAY – Last week the market rejected the breakout above the downward sloping trendline that started in December and it breached the 200-day MA with ease. As the week progressed, hawkish FOMC comments pushed the SPY below the 100-day MA and the upward sloping trendline that started in October. This is clearly bearish price action during a period where we typically have seasonal strength.

Daily Bulletin Continues...