Ahoy there Trader! ☠️
It’s Phil…
As we sail closer to the stormy seas of the US presidential election, uncertainty looms large! With SPX prices in a tight range, let’s navigate these waters carefully and prepare for the trading opportunities ahead.
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As we inch closer to the decisive US presidential election, the air is thick with uncertainty. This pre-election period often leads to a predictable pattern: anticipation before the event and clarity afterwards.
It’s like waiting for the final scene in an 80s thriller—what will happen next?
- SPX prices are currently contained in a range, suggesting this could persist until the election.
- Watch for red flag news starting today at 10 AM EST that might shake things up.
- I’m currently bearish on my swings, looking to capitalize on range trading opportunities.
Post-election, I anticipate flipping to a bullish stance once we have confirmation of market direction.
Fun Fact
Did you know that the stock market tends to perform better in the year following a presidential election? Historically, the S&P 500 has averaged a gain of about 7.5% in the year after elections!
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece