Week of August 26

Post-Jackson Hole. Are you bullish at 5600?

Recap of last week

Folks, in my August 11 Substack weekly plan, I wrote this.

The SPX index was at 5344 when I wrote that. Today we are trading at 5634.

I gave the direction: Up

I gave the price target: 5500-5600

I gave the time frame: By end of August

I was right on the direction, right on the price, right on the time frame. In fact all my targets were achieved even earlier than expected and the price targets were reached and then some.

You guys decide what that analysis is worth. We navigated the April selloff just as well. I digress. Anyways on to next week, the last week before 3Q kicks off, the most volatile (and opportunity filled) quarter of the year.

Next move for markets