In this daily markets update:
– TheSNP500 down
– U.S Dollar going up
– The wait for the Fed’s conference coming Friday
– Speculations about September rate adjustments
– Expectations of the Fed’s last updates before the November elections season

After trading to a recent swing high of 4327 for a test of the 200 day SMA we now find ourselves back at the starting point of 4137, the August monthly open. As discussed previously, I do look for the balance at 4120 to trade and for that to tell us what we need to know about who is really winning the fight. Stay tuned for J. Powell Friday morning. All attention appears focused there.