Gap Reversal Off of An All-time High

I've been warning you to watch for this pattern. This is a sign of resistance.

PRE-OPEN MARKET COMMENTS FRIDAY - Yesterday the market traded at a new all-time high and it reversed sharply. The CPI came in lighter than expected (.1% vs .2% on core) and initial jobless claims declined (people have more jobs). This is market friendly news. So why did the market drop?

Daily Bulletin Continues...