Whats up everybody hope you had a green week! SPY finally broke the trend line that I first posted on August 1st, time to find something new. The DXY this week took off from a low of 105.83 to a high of 108.21 please if you don’t have a dollar chart saved please make one up with the ES1 and DXY stacked or copy the one I posted awhile ago, a strong dollar makes for a weak market. Also this week I flipped my Fibonacci levels to a downtrend I noticed myself taking more put set ups this week then calls. I did not trade today there was to much risk and not enough reward. With the BBBY fiasco and Crypto going down also AAPL with some issues I believe fear is in the air again. Something to think about next week our favorite Jay Powell is speaking at Jackson Hole at the federal reserve bank of Kansas City on the 26th. This week the 15/30 minute open range was on point with support and resistance if you have any questions feel free to ask. Have a good weekend everyone. As always trade what’s in front of you
