V2 Model August 20 2023 Update

Jackson Hole and Nvidia this week!

August 20, 2023

Recap

The major indices all closed with losses this week, driven by rising market rates and carryover downside momentum after the persistent selling in August. Some of the sessions this week featured below average volume, which is consistent with late-summer activity. This week's selling led the S&P 500 to breach support at its 50-day moving average for the first time since March and take out support at the 4,400 level.

V2 was up this week and made gains against the SP500.

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