What Now ?
The stock market broke through some critical support last week. At the moment it may do a bit of digestion and have a little bounce for a few days but the breakdown is a strong indicator that the 920 S&P expected low for the year will be earlier rather than later. We are watching for short-term clues but so far there is not much beyond the political posturing being pushed on the plate. S&P’s have trading resistance at 1076.