SPYvsGME

Lets get ready to Rumble!!!!

SPYvsGME Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
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)
Commento:
futures open and flat line. will check back at 3am
Commento:
China Tech, bonds, oil, gold, crypto all bullish. To big to fail.

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