Trump is the next President, and the markets reacted positively with significant gains across major indexes. The S&P 500 rose by 2.1%, while the Dow jumped 2.6%. Although sectors like solar and cannabis declined, banks and technology saw positive movement. With overnight futures also climbing, the outlook remains bullish as we approach year-end.

Today is the day we find out who will be the next U.S. President: Trump or Harris. Historically, markets tend to have a bearish bias leading up to elections, followed by a bullish trend post-election. As a non-U.S. resident, my focus remains on market movements rather than the candidates themselves. I went flat last Friday and plan to resume trading from Wednesday, with expectations for bullish activity through year-end.

As we wrap up one week and gear up for the next, we’re poised for explosive trading potential. With Tuesday’s election around the corner, expect wild price swings. Political uncertainty often leads to a corrective dip, followed by a bullish rally as clarity emerges. I’m starting the week flat but eager to find opportunities based on this premise.

This week wrapped up with a fantastic 90% gain on my final income swing trade. Profits were taken throughout the range, and I anticipate a further slide before the US election results. Post-election, I’m expecting positive movements. For now, I’m flat for the weekend and enjoyed a visit to the zoo, capturing some great photos!

Market Movement: A bearish breakout aligns with expectations, but caution is advised ahead of Friday’s Non-Farm Payroll (NFP) figures and Tuesday’s U.S. Presidential election results.

Despite a sluggish market, I cashed out a bear income swing trade for a whopping 90.2% return! This trade capitalized on the first breakout attempt last week, demonstrating the power of income-style options strategies. With one more swing position likely to close before the weekend, this has been a stellar trading week.

An unexpected bearish move is unfolding in pre-market futures, currently down about 50 points. This gap down may push prices outside the established range. With bearish income swings nearing profit targets at the open, the key question remains: will this breakout hold, or will the market retreat back into the range? Stay tuned as we assess this potential continuation setup!

Despite a quiet and range-bound market, profitable trades still abound! Recently closed SPX trades achieved a 91.8% gain, while Hershey (HSY) delivered a whopping 271.7% return. This week demonstrates that income strategies can thrive without trending moves.

Despite a slight rise in stocks and indexes, SPX remains trapped in a trading range as mega-cap earnings loom. Nasdaq is attempting a new all-time high, but the focus is on range trading until a breakout occurs.

With the US presidential election just a week away, markets are bracing for uncertainty. SPX prices are contained in a range as traders await potential shifts triggered by economic news. Currently bearish on swings, I plan to flip bullish post-election based on market confirmation.