Futuros E-mini S&P500

Morning Ideas August 26, 2022

136
Good morning traders...

I don't really know what to make of this if I'm honest. I think the 5 minute video is worth a watch because it would be too nuanced to type it all out in a write up.

I don't like chasing breakouts, especially with resistance (or support) right above (or below), so I'm going to be neutral here.

One thing to remember that I didn't touch on in the video is that today is day 2 of the Jackson Hole Symposium, and also Powell (FED chair) is speaking today. This can cause more whippy action, like we saw yesterday during day 1 of the Symposium.

I'm going to tread lightly here.

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