SPY POPPED

If the spy balloon would have been shot down on Thursday or Friday I really do believe the market would have dropped over -2% the uncertainty of where it would land and what would be destroyed also casualties then China how would they retaliate I mean a lot of uncertainty. Of course it should have been popped they did the right thing by waiting for it to be over the ocean also this is not the first time China has done this, when trump was in office we had one fly over the southern part of America. So in away since it happened Saturday they saved the market we now have 2 days to process the information which is an eternity in market time. This week we have an action packed week again. Monday we have nothing but traders trading, Tuesday exports/imports trade balance, EIA energy information administration- short-term energy outlook, POWELL talks at 12:40 Wall Street time. Wednesday FOMC member Williams at 9:15 and Fed Waller ar 13:45, all day oil data drops. Thursday initial jobless claims 8:30. Friday Fed speakers all day, and Michigan consumer expectations. So really not the craziest but enough.
As always trade what’s in front of you good luck