August 28, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Positive Positioning

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows the stock market pulled back from recent highs to the top band of zone 1 (support).
• The chart shows that the stock market has rallied from the top band of zone 1, but it is still below recent highs.
• RSI on the chart shows that the stock market has room to go higher.
• A critical speech from Fed Chair Warsh is ahead at Jackson Hole at 10am ET.