If the election is bearish how far could we fall?
i think were experimenting with the idea that presidential elections cause volatility no matter what, and that volatility is a cyclical buy noatter who wins. that being said if we fail to regain TRAMA and supertrend remains sell, the sequence could complete a bear cycle and we wouldnt find support until daily gap close. i would still treat this as a buy for broader markets, and thats why im using sunday night futures as a bell weather for this crucial week in spx. the last time a bear engulfing pattern developed daily that broke through average and geaded for the former buy zone we extended the trend about 100% to the downside. that would be far from a marginal move for the index as it stands, but would still hold the monthly and quarterly uptrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.