FYI- The video posted earlier today is now available with the stock market closing around the same level as it was trading during the recording of the video so no significant changes. My cable service went down shortly after posting the video with Comcast initially reporting an ETA for the outage fix of 3:15 pm which was since extended “unknown” & I was unaware that the video was still set to private before my internet went down. I flipped to my backup connection by tethering my PC off my mobile phone & ran into an issue there as well which I was just able to work through so back online now.

Although the market closed solidly in the red today, both SPY & QQQ closed essentially right around those key support levels posted earlier today so another “to be continued tomorrow” day with the next sell signal still pending an impulsive break & close below those levels while a breakout & solid close above the August trading ranges could have near-term bullish implication although that’s would entail a rally of well over 2% from where we closed today so we’ll just have to assess the charts if & when the indexes make another run back at the top of those ranges. 60-minute charts below.

Here’s a screenshot of this week’s economic calendar (available via the RSTOC Support Center under ‘Resources’ on the top menu of the site) with a few more potentially market-moving reports scheduled this week.

economic calendar Sept 3rd

economic calendar Sept 3rd