More Downside Likely

The selling pressure since the high last week has been steady and today we will test the 50-day MA.

PRE-OPEN MARKET COMMENTS FRIDAY - Since the high from last week the market has been in a steady drift lower. Great earnings and a Fed rate cut excited buyers and now some of the air is being let out of the balloon. The breakout at SPY $674 has failed and this morning we are below AVWAPQ. The 50-day MA is in range and we are likely to test it today.

Daily Bulletin Continues...