Morning Update

Price action after the GDP report has turned my daily MACD down on the Naz100 and the SP... not yet on the R2K futures. All three futures contracts are trading below their daily pivots. There is a Bradley turn date for 8/1 so this could have come in already. I am sure the bulls would like to see 1000 on the SP for month end so they could mount a rally attempt. As long as the MACD stays negative I may try to feed the ducks.