Nasdaq and S&P500 before the election
Hello, traders!
I mostly post cryptos here but I also trade indices so I wanted to share my ideas.
Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices.
I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too low." Of course I wouldn't do the same for cryptos but I feel much more confident with the indices.
Looking at my charts, I noticed the indices are now pretty close to my entry points which are bottom (support) lines of the regression channel and the pitchfork.
With the election and possible rate cut ahead this week, there's a great possibility the markets will move upwards - even regardless of the result. This is due to the excitement for the new government. I'll keep watching.
I mostly post cryptos here but I also trade indices so I wanted to share my ideas.
Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices.
I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too low." Of course I wouldn't do the same for cryptos but I feel much more confident with the indices.
Looking at my charts, I noticed the indices are now pretty close to my entry points which are bottom (support) lines of the regression channel and the pitchfork.
With the election and possible rate cut ahead this week, there's a great possibility the markets will move upwards - even regardless of the result. This is due to the excitement for the new government. I'll keep watching.
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