SPDR S&P 500 ETF TRUST

Lets get ready to Rumble!!!!

Updated

Futures open shortly and I reloaded some mental knowledge this weekend.

I'm working on 2 cases for S&P this week.

BULL CASE

The bull case has S&P running up to Jackson Hole by reaching new all time highs (again).
There could be bulls trapped from last week.
If bulls can get off to a good start tonight and China doesn't have any more surprises in tech, we might touch yet another ATH.

BEAR CASE

Covid, China Tech and now Afgan mess. Plenty of FUD.
VIX is wound tighter then a teenager at Sunday school.
Jackson Hole, Tapering, Inflation
S&P Why don't you just go to your channel, That's your channel. Are you to good for your Channel?. (Happy Gilmore)

Note

futures open and flat line. will check back at 3am

Note

China Tech, bonds, oil, gold, crypto all bullish. To big to fail.

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