Week of August 25

What Jackson Hole means for the market.

Recap of last week

Another good week last week. We took 2 ES trades and 1 SPY call trade, all three were winners. We had no losing trades.

We were one of the few on Twitter to get the Jackson Hole “pivot” right. Namely we were steadfast in calling for a rally post Jackson Hole, which was not an easy call to make considering SPX was red 4 days straight coming into the event. As always the crowd, turns bearish after red days (like last week) and falls victim to recency bias.

We are still swinging the calls and are looking for a good exit point. We are entering the last week of August now. Is Jackson Hole a move to be faded?

Next move for markets