Market Update

Markets in general are in neutral mode with a slight edge to the upside. SPY, IWM, and EEM are all sitting right at the channel's upper trend line. SPY and IWM are also right below the 200D moving average. A break of it and last week's high signals more upside and test of early August's highs. On the other hand, if the market fails to break out in the next couple of days, we will come back to the trading range.