Let’s discuss the ongoing test of the 50-day moving average in this Weekend Market Review with Brett Witkowski. As the market pushes to all-time highs, we notice a decrease in volume at these peaks. Conversely, when the market declines, volume increases at the troughs. This observation suggests that the bulls may be running low on ammunition, potentially triggering selling activity at these levels.

As mentioned in previous videos, the upcoming holiday season, with shorter trading weeks this summer, will influence trading activity at higher levels. This means fewer trading sessions and lower volume, which could impact options pricing and more. Testing will continue as usual within the market, and we’ll be here to provide updates!