Headlines and more headlines lead traders to lock in some profits going into the holiday weekend. Premarket economic data was a bit disappointing, but the Michigan Sentiment number easily topped expectations and had no positive influence. Sandwiched in between the econ data was the Euro Zone imminent downgrade headlines courtesy of the S&P ratings agency - this time. When combined the fundamental and a breakdown of the technicals gave the bears the momentum to close out the week.
**Filmed on the trading floor at the CME Group. Produced by MrTopStep Productions.