![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrIuo2nkPHKNB4j7X7vR4TZel4ZiPuYx8tKCDueQpT-lAMbcdgFUOY4_uekw1DZ7zaEWLaNiLODwHixiM0ud3pPoEhC5RKnfGSfjQrF65xrH0fo3_KmJ7UE1lgL15p0J20pUjsOskh8EQ/s400/cat.bmp)
Well, this was a day most of the retail investors were looking for, due to the institutional players running the markets up, after the July Holiday. SPY closed down -3.
Appears that we can see some more downward rally, as the EU Banks Stress Test results are due out.