Market Will Digest Gains This Week

The rally Monday was powerful and it covered a lot of ground. That will attract sellers.

PRE-OPEN MARKET COMMENTS WEDNESDAY - The tone last week was gloomy. Higher inflation readings and a 25 basis point rate hike sparked selling and the SPY tested the 100-day MA. That move was fueled by Quadruple Witching and it also breached the L- trendline from a trading channel. That often signals a selling climax.

Daily Bulletin Continues...