Telegram Trading

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Assessment: Looks like a debt ceiling deal is close. I am not sure what the market will do since nobody really believed a deal would not go through. Likely a minor relief bounce, but whether that can hold is so far showing to be unlikely.

SPY is again stuck in between $410 and $415…and the only thing really moving up in this market in a material way is large cap tech. All the money flowing there is now making those valuations very frothy.

Likely to be a very low volume day…which typically leans bullish…as we head into the holiday weekend.

Good luck in your trades!