Bears might have a second opportunity today. European Stocks were not as strong as Asian equities
From Reuters:
BEFORE THE BELL – a must-read piece for me
Wall Street futures rose, and Asian equities ended with gains, as investors awaited the U.S. Fed chief Powell’s speech at the Jackson Hole symposium later in the day for cues on bond tapering. European shares edged lower. Gold prices firmed, while the dollar was slightly down. Oil rose on supply concerns, as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the weekend.
This changes the picture today
Fed’s Powell weighs Delta risk, gives no signal on start of bond-buying taper
https://www.reuters.com/business/feds-powell-weighs-delta-risk-gives-no-signal-start-bond-buying-taper-2021-08-27/