SPDR S&P 500 ETF Trust

SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY Stalls

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Here is a quick update related to the post-Powell expectations.

I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.

Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.

Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell.

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