Recap of last week
Last week we closed out the rest of our SPX swing calls for almost 300%.
We timed our entry almost perfectly, entering in call spreads shortly after the crowd fell for the NFP fake selloff, which was another prime opportunity to buy the dip.
Aside from that we only got filled on 1 ES trade, which was also a winner but nothing to write home about.
Sleepy Summer continues, but probably not for much longer. The first big liquidity event of the fall comes this Friday at Jackson Hole. This will basically signal what is to come at the September FOMC and we shall see Powell’s latest reaction to the in line CPI/hot PPI/NFP report.
Next move for markets
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