Just re-posting a my chart from 2 weeks ago with slight changes. The market has continued its slow grind higher on low volume. We need a catalyst to push it one
way or the other so until we get a catalyst price will likely stay sandwiched between the two zones I have highlight. Perhaps the market is waiting for JPows comments
at Jackson Hole and that will be that catalyst, but I don't know. The market seems to be having a love affair with large whole numbers..read: TSLA 2000,
AAPL 500 and AMZN 3000. So I 3500 on the S&P could be a magnet.
way or the other so until we get a catalyst price will likely stay sandwiched between the two zones I have highlight. Perhaps the market is waiting for JPows comments
at Jackson Hole and that will be that catalyst, but I don't know. The market seems to be having a love affair with large whole numbers..read: TSLA 2000,
AAPL 500 and AMZN 3000. So I 3500 on the S&P could be a magnet.
