What's Next for the S&P? The Fed's Jackson Hole Meeting

[] Fibonacci levels give us a “roadmap” [] [] [] [] Over the past few weeks, we’ve been [closely monitoring key levels]( on the S&P 500 Futures (/ES). These levels have been crucial in helping us navigate the market’s dips and pops — especially in the aftermath of the 10% selloff we had earlier this month. Earlier, I talked about how important those 0.382 and 0.618 Fibonacci retracement levels are for figuring out where the market might head next. And sure enough, the market’s been playing along with those levels pretty well. We’ve seen a few bumps and pullbacks here and there, but overall, it’s been pushing higher. Where Are We Now? Right now, we’ve managed to climb above that 0.786 level, which was a big deal. So the big question now is: Where do we go from here? Let’s take a look at what the Fibonacci levels are showing us: Upside Targets: 1. 5564 - This is the first upside target. If the market can push through this level, it’ll show there’s strong bullish momentum. It’s a key level to keep an eye on, and if we break above it, the next target isn’t far off. 2. 5721 - This is the previous high — the big one. If we reach this level, we’re back to testing the all-time highs. Breaking above it could open the door for even higher prices, but we’ll cross that bridge if and when we get there. Downside Support: 1. 5584 - This is the first line of defense. If the market starts to pull back, this is where I’d expect to see some support. It’s a key level to watch if the market starts to lose steam. 2. 5492 - This is a more significant support level. If we drop to this point, it’s a bigger pullback, and it could be a spot where buyers step in, looking for a bounce. What Does This Mean for Us? These levels offer a roadmap of sorts. If the market keeps climbing, 5564 and then 5721 are the key levels to watch for breakouts. On the flip side, if we start to see some weakness, 5584 and 5492 will be key in figuring out if it’s just a pullback or something more serious. As always, stay flexible and ready to adjust your strategies based on how the market reacts to these levels. Fibonacci has been a solid guide so far, and it’ll continue to play a big role in the days and weeks ahead. Keep an eye on these numbers, and let’s see where the market takes us next. Stay sharp, and don’t forget that aside from these levels, big events like [this Friday’s Fed speech at Jackson Hole]( or even tomorrow’s BLS (Bureau of Labor Statistics) revised jobs numbers could send markets soaring or sliding. — Geof Smith P.S. We are in a code-red energy crisis and 99% of Americans are clueless… [Here’s the best way I know to play it to my advantage!]( [] [] Over the past few weeks, we’ve been [closely monitoring key levels]( on the S&P 500 Futures (/ES). These levels have been crucial in helping us navigate the market’s dips and pops — especially in the aftermath of the 10% selloff we had earlier this month. Earlier, I talked about how important those 0.382 and 0.618 Fibonacci retracement levels are for figuring out where the market might head next. And sure enough, the market’s been playing along with those levels pretty well. We’ve seen a few bumps and pullbacks here and there, but overall, it’s been pushing higher. Where Are We Now? Right now, we’ve managed to climb above that 0.786 level, which was a big deal. So the big question now is: Where do we go from here? Let’s take a look at what the Fibonacci levels are showing us: Upside Targets: 1. 5564 - This is the first upside target. If the market can push through this level, it’ll show there’s strong bullish momentum. It’s a key level to keep an eye on, and if we break above it, the next target isn’t far off. 2. 5721 - This is the previous high — the big one. If we reach this level, we’re back to testing the all-time highs. Breaking above it could open the door for even higher prices, but we’ll cross that bridge if and when we get there. Downside Support: 1. 5584 - This is the first line of defense. If the market starts to pull back, this is where I’d expect to see some support. It’s a key level to watch if the market starts to lose steam. 2. 5492 - This is a more significant support level. If we drop to this point, it’s a bigger pullback, and it could be a spot where buyers step in, looking for a bounce. What Does This Mean for Us? These levels offer a roadmap of sorts. If the market keeps climbing, 5564 and then 5721 are the key levels to watch for breakouts. On the flip side, if we start to see some weakness, 5584 and 5492 will be key in figuring out if it’s just a pullback or something more serious. As always, stay flexible and ready to adjust your strategies based on how the market reacts to these levels. Fibonacci has been a solid guide so far, and it’ll continue to play a big role in the days and weeks ahead. Keep an eye on these numbers, and let’s see where the market takes us next. Stay sharp, and don’t forget that aside from these levels, big events like [this Friday’s Fed speech at Jackson Hole]( or even tomorrow’s BLS (Bureau of Labor Statistics) revised jobs numbers could send markets soaring or sliding. — Geof Smith P.S. We are in a code-red energy crisis and 99% of Americans are clueless… [Here’s the best way I know to play it to my advantage!]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](