One last test of the primary trend?
Updated
The SPY has completed a throwback from the primary trendline, however, this morning's pre-market session is pointing to a gap down below the trendline. I'm looking to see how we open and will be looking to the AADD to determine market breadth impact. A break below 390 could put us into further declines as it would also break the 100-day moving average.
Note
ADD printed -1800 companies in the red at the open and the SPY opened with a -0.35% gap. I'm watching the bids to see if we find support right on this trendline.
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