Slowdown fears for China and a downgrade of Greece's credit rating put some headwinds into the market that started out on the bullish side based on another 'merger Monday.'
What next? This is an option expiration week, and the bulls are looking for an excuse to rally. They have not been able to find a footing yet, and so the market continues to trend downward despite brief buying flurries with no sustained volume.
The trend will continue until it does not. Be on the defensive here. I am shifting to a more neutral posture until I see if stocks can break down further however.
