While I don’t have a strong feeling either way, here is my likely scenario for this week in the stock market. Given that we had our summer rally and have been in a down leg the last few weeks the charts suggest a possible test of the June lows, if not by the end of this week, shortly thereafter.  Friday’s bounce tagging the 50 day mvg. avg. in most indicies followed by a resumption of selling, leads me to believe a hard down is coming.  Take advantage of this morning’s early futures strength, I don’t expect it to last. After tomorrow’s Apple event, where I don’t see the stock getting much more than to the 200 day just below 161, it should disappoint and head sharply lower with the rest of the stock market falling as well. I don’t believe the market is ready to take out the June lows on the first attempt, but we will have to see what the charts and technicals look like if and when we get there?