TradingSense

We got a pullback in the SPX last week, after the VIX futures expired on Wed & August Options expirations on Friday, and after a strong 4 week rally. It reversed at the 200MA level. Next week we get the Fed meeting in Jackson Hole. The long term ' downtrend ' from the January high continues to be challenged so far... Bonds dropped and the US Dollar rallied. Gold dropped. What to Expect in the Markets Next Week Bitcoin/Crypto dropped as well S&P 500  -  -still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also dropped HYG - High yield  Corporate Bonds    (2 yr chart ) -Also dropped LQD - Investment grade  Corporate Bonds    (2 yr chart )  -similar Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $30  Trillion in debt!   See Debt Clock on the left, or  here ...   New all time highs :    All time lows:   ...

We got a big rally in the SPX last week, after the CPI & PPI reports, now looking at a strong 4 week rally. This week we'll have the Aug Options expiration on Fri, along with the VIX Futures expiration on Wed, and the Fed minutes also on Wed. More earnings next week too -all potential market moving events. The long term ' downtrend ' from the January high continues to be challenged, now with this 4 week rally.  Bonds and the US Dollar dropped a bit, while Oil & Gold rallied. What to Expect in the Markets Next Week Bitcoin/Crypto rallied as well S&P 500  - Big breakout rally last week -still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also rallied HYG - High yield  Corporate Bonds    (2 yr chart ) -6 week rally! LQD - Investment grade  Corporate Bonds    (2 yr chart )  -similar but weaker Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $30 ...

We saw a mostly flat SPX last week, tho the NASDAQ100 saw a nice rally. Both are at a potential resistance level here, after a strong 3 week rally. The next move will probably be determined by the CPI report on Wednesday. More earnings next week, along with the CPI report on Wednesday -all market moving events. The long term ' downtrend ' from the January high continues to be in place.  What to Expect in the Markets Next Week Bitcoin/Crypto was flat What was up this week:   What was down this week:   S&P 500  - Stalled in this congestion area -still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also trying to rally. HYG - High yield  Corporate Bonds    (2 yr chart ) -5 week rally! LQD - Investment grade  Corporate Bonds    (2 yr chart )  -similar Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $30  Trillion in debt! ...