Market Outlook 08/19/2021
FOMC brought back volatility. The focus now shifts to opex as the week is set up for max pain after the drop on Wednesday.
/Wednesday close was extremely bearish on short as well as medium term with bias shifting to neutral on weekly if Friday closes at these levels.
/RTY is the most critical in 2140s and peeking below 200 Day MA as well as trendline on…