How InvestAnswers’s view on $SPY changed

S&P 500, this one has had a mild IDSS dip. And it's going to be just a I think a weak pullback rather than a total wash out. Again, it was very interesting yesterday. All of the I13 were on fire.

Every single one, including things like Bitcoin, etc. And the S&P 500 was down. So, that means people are selling the traditional names, traditional stocks. I don't track them.

I've got enough to track right now. But this was an interesting divergence between the Q's and the S&P 500.

Now, regarding the S&P 500, by the way, I expect the first ten days of September to be tough . This is usually the period when technology stocks are most severely affected. Therefore , expect this indicator to decrease slightly as well.

However, the S&P 500 index continues to rise because money keeps being printed, and that thing keeps going up and up and up. It is still in an upward trend, there is still a buy signal, and there is no sell signal.

Therefore, despite the weakness in September, I will not short the S&P 500 because it is closely linked to the global money supply.