SPY Tests 100-Day MA

Since June this is the first time we have tested this moving average.

PRE-OPEN MARKET COMMENTS FRIDAY - Yesterday QQQ closed well below the 100-day MA and the SPY touched that MA. The market momentum is waning. That is a sign that sellers are more aggressive and buyers are more passive. The major moving averages are catching up to price and we will start testing them with greater frequency.

Daily Bulletin Continues...