A Short Will Set-up Soon!

The market is in a downward sloping trading channel.

PRE-OPEN MARKET COMMENTS WEDNESDAY - Bull markets die hard. The long-term trend has been higher and buying dips has worked. The pullback to the 100-day MA attracted some buyers Monday and the SPY is back above the 100-day MA. Your trading approach is to wait for this bounce to stall near the 50-day MA. That would be another lower high and that would be a great place to enter shorts.

Daily Bulletin Continues...