Jackson Hole technical playbook following SPX reversal 

Markets intra-day reversal doesn’t take away from technical thinking that a near-term low is likely in place.  While SPX failed to join QQQ in its downtrend line breakout per Thursday’s close (and DJIA closed at new lows for the week) some positives are in place that suggest a larger bounce lies right around the corner.  

Volatility is back and that likely won’t change heading into one of the most meaningful FOMC...

Markets intra-day reversal doesn’t take away from technical thinking that a near-term low is likely in place.  While SPX failed to join QQQ in its downtrend line breakout per Thursday’s close (and DJIA closed at new lows for the week) some positives are in place that suggest a larger bounce lies right around the corner.  

Volatility is back and that likely won’t change heading into one of the most meaningful FOMC...
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