Market Outlook overnight is a bit choppy and somewhat negative as we look at more mean reversion behavior. The levels remain the same from a range perspective. If you trade and want to see whether the wind is at your back, track your sector of interest
Heat Map for 9 Aug with the CPI tomorrow which should be lower (all hopes pinned there)
One month view – make sure that you choose the time frame that is most feasible to you – if you have a full time job outside of the market, it is likely better to find instruments moving in the direction you want to move in for the trades.
The three month view – when your sectors are green, you can see the wind at your back as the trends will be more forgiving in your direction, if the trend of the general trend is in the direction of your trade.
Google search trends are about getting out more – but people are still focused on WFH ( job searches are WFH based)
The next two charts show outflows first and then inflows
SPY looks much the same (line chart)
Both of these charts tested higher levels than the prior week but have faded into congestion. This makes me think that traders are still waiting for the decision into the Fed interest rate