Market Update for Tuesday, August 1st, 2023


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The S&P 500 continues to chop and grind its way through these overlapping and “corrective” structures:

SPX

What I am inclined to try to do with them differs little from yesterday:

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Ok, so that’s what I think for now, and we’ll see if the bears make another showing soon. I hope everyone has a fine evening.


Parts of this article may be reserved for members. You may learn more about becoming a member on the Join page.

You are also warmly invited to join our growing community in the Discord server (there are many public features in there). The invite link is here: https://discord.gg/58FSjcDhvG.