In my previous post, I mentioned that I think it's unlikely the SPX would touch the 3200 levels. while I still think that, The probability of it hitting the September support level has likely increased.
I am favouring the downside until after the elections. i.e until week ending on 06 Nov.
Nervousness and fear are dictating the market.
I am personally taking trades on both calls and puts with a 1:1.5 ratio (if I am holding them overnight) to be protected from any wild swings in either direction.
Hope this helps.
*Feel free to comment your thoughts as well.
**Just an Opinion
I am favouring the downside until after the elections. i.e until week ending on 06 Nov.
Nervousness and fear are dictating the market.
I am personally taking trades on both calls and puts with a 1:1.5 ratio (if I am holding them overnight) to be protected from any wild swings in either direction.
Hope this helps.
*Feel free to comment your thoughts as well.
**Just an Opinion
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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.
Disclaimer
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.