Everything is looking good for one more move up to hit the FP on the SPY, which will probably happen into early next week. Today will probably be a "pause" day as the market waits on Jerome Powell to speak tomorrow at Jackson Hole. Bulls will want the short term charts to get oversold so they can use anything he says as a reason to squeeze the bears.
Meaning a retest of the lows from yesterday would be ideal, and even piercing them would be fine too... just nothing too deep. Patience is the key here as we know the upside FP will be the target high and we must just let it happen.
Have an blessed day.
