Sept 5 I Bears barely back in control I Market Weather Report

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It’s been range bound action with SPY 550 / ES_F 5500 marking the lower bound and SPY 560 / ES_F 5600 marking the upper bound.

Today markets finally broke through the SPY 550 line and closed slightly below which puts bears officially back in control.

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Sector ETF Weather Report

• Materials: Headwind

• Communication Services: Roost

• Energy: Headwind

• Financials: Roost

• Industrials: Headwind

• Technology: Roost

• Consumer Staples: Roost

• Real Estate: Roost

• Utilities: Roost

• Health Care: Headwind

• Consumer Discretionary: Tailwind

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