Nearly a 200% ATR move today in the S&P
SPY didn't close beyond all-time highs
QQQ didn't close beyond all-time highs
DIA did close above all-time highs
IWM continues its strong rally for August
I'm noticing some serious rotation into small cap, mid cap, and seeing the markets allocate
outside of Mag7, Tech, and AI
Powell all but guaranteed a September rate cut and the market loved it - yet prices aren't necessarily higher (yet). I still think the Aug-Oct window is ripe for a small correction and pullback to offer up better positioning for end of year
NVDA Earnings next week Wednesday
US PCE and Core PCE Friday to close out the month
I'm curious if the SPX 6500 resistance level will continue to hold firm - let's see
Thanks for watching!!!
SPY didn't close beyond all-time highs
QQQ didn't close beyond all-time highs
DIA did close above all-time highs
IWM continues its strong rally for August
I'm noticing some serious rotation into small cap, mid cap, and seeing the markets allocate
outside of Mag7, Tech, and AI
Powell all but guaranteed a September rate cut and the market loved it - yet prices aren't necessarily higher (yet). I still think the Aug-Oct window is ripe for a small correction and pullback to offer up better positioning for end of year
NVDA Earnings next week Wednesday
US PCE and Core PCE Friday to close out the month
I'm curious if the SPX 6500 resistance level will continue to hold firm - let's see
Thanks for watching!!!
Chris Pulver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chris Pulver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.