Aug 28 - Chopping at ATH's door - Market Weather Report

Chop will continue until a catalyst appears (link), and it’s been nothing but range-bound action since August 21 when SPY peeked into its upper gap and the bull line of control shifted up (link).

Here is the latest $SPY and $ES_F chart as an update to the August 20 (link) post.

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Sector ETF Weather Report

• Materials: Roost

• Communication Services: Headwind

• Energy: Headwind

• Financials: Tailwind

• Industrials: Roost

• Technology: Headwind

• Consumer Staples: Roost

• Real Estate: Roost

• Utilities: Roost

• Health Care: Tailwind

• Consumer Discretionary: Headwind

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Algorithmically generated. Not investment advice.

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Not investment advice.