Get ahead for Monday August 30, 2021
Aug 29, 2021The market responded very positively to Powell's speech on Friday with all the major indices powering higher and new highs yet again for the QQQ and SPY. This price action bodes well for the bulls with just two more trading days until we begin September trading which typically sees the major indices giving back between .5 to 1% of their gains. This scenario should it play out could be a positive for a market that has been on fire since May and would set us up for a nice rally in the fourth quarter. Of course we don't know what September holds for us and we can only trade the price action right in front of us. And for now its a broad based bull run. Here is the watchlist and game plan for tomorrow. Have a great start to your week!