Highlights
- Market breadth on the Jackson Hole Powell Pivot was strong enough to warrant a continued bullish bias tactically.
- That said, there are enough divergences in leading sectors, such as Tech, that it is not likely to be a smooth ride.
- Still, whatever weakness we do get, we are inclined to be a buyer as long as the S&P holds above its Monthly Momentum Zone (6237-6297).
- Below there, and we are likely to see a bit more weakness to major supports. . .
