The Breakout Will Be Tested
It would be unusual for the market to run through resistance and not to test that breakout.
PRE-OPEN MARKET COMMENTS THURSDAY - The market ran through major horizontal resistance and it continued higher. Much of that move was short covering and we are about to find out to what degree. A trade deal with China shocked the market and the notion was that many other trade deals would follow. Now the focus is shifting.
Daily Bulletin Continues...