For the day the SPX/DOW were +0.30%, and the NDX/NAZ were +0.15%. Bonds gained 3 ticks, Crude added 55 cents, Gold dropped $13, and the USD was lower.
Short term support is now at SPX 1991 and 1973, with resistance at the 2019 and 2070. We have a really big day tomorrow as Yellen speaks at 10 am at Jackson Hole, and then the ECB’s Mario Draghi speaks around 12:30. Dovish comments from both folks could rip this market higher.
We saw new all time closing highs in SPX today and the Nasadq ended flat for the second day on a row.