Futures are down after a down day. But we are not seeing much in the way of damage. In fact, there were a few growth names up nicely yesterday.

BUT…if we have multiple days where the A/D is bad, the complexion of patterns could change so stay tuned.

Next week, earnings start up in a big way. Many say earnings will be poor but does the market already know this? Keep in mind, it is a lock that Powell lowers rates at the end of July…and that question is the same. Does the market know it already?