Dear traders,
According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders.
A succesfull rebound means we can start looking back up again to finally try and beat the 30k.
Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market.
So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside.
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Best regards from The Netherlands and remember: always use stops when trading!