Second quarter GDP was revised downward from 2.4% to 2.1%, providing a much needed boost to bulls hoping for another Fed pause. Of course, it also provides bears with some evidence of an economic slowdown.
Futures have been hovering around flat all morning.
continued for members…
An IH&S has completed on ES, suggesting a return to recent highs – but also the resistance of the white channel top.
VIX continues to be an important factor in driving stocks higher.
Keep an eye on DXY today as it backtests its SMA200.
