The SPY Climbs Higher Ahead Of Jackson Hole Symposium: The Bull, Bear Case For The Stock Market

The SPDR S&P 500 (NYSE:SPY) was rising about 1% during Wednesday’s trading session, ahead of Nvidia Corporation’s earnings print after the close and the Jackson Hole Symposium, scheduled for Friday.

Between July 17 and Aug. 18, the SPY retraced significantly, falling 5.75% before beginning to rebound over the last four trading days. While the recent move higher has been welcomed by bullish traders, there’s a possibility the market ETF could be settling into a bear flag pattern.