Let's Trade

8/26/21 - Expected down day, telling action comes tomorrow


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All 3 market indexes finished lower today as expected, as the Federal Reserve Symposium in Jackson Hole gets under way with investors expecting there to be news of tapering and a reduction of the fed's generous monetary policy.

Bitcoin and crypto holding steady in a consolidation range which is nice to see when compared against the market slide today.

No trades taken today and likely not tomorrow either. Will need to see what direction we go in to confirm a bias one way or the other with volatility indicators spiking up during the day.

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Let's TradeBy Derek Hutson