Chop Continues Ahead of Jackson Hole
The S&P has a clear level to reclaim, but can it?
Our View
Despite all the thrashing, the ES only had a 34.25 point range yesterday. Additionally, the ES was weaker than the NQ and closed that way. Based on the close I expect a lower price on Globex and am on the lookout for any Russian escalation on Ukraine's Independence Day.
I have not said much about this, but I also think the US is inching its way …