Market Likely To Test the Breakout

Yesterday the SPY drifted lower and it came close to testing the previous high from June 2nd.

PRE-OPEN MARKET COMMENTS FRIDAY - This week the market has seen steady selling pressure and the move lower has been fairly organized. The volume has been above the 20-day average and this has not been a wimpy move. Those losses from yesterday have been erased overnight and we will see if this gap up holds.

Daily Bulletin Continues...