Upcoming elections has been causing waves in the market for the past month running up to it. Today markets closed above weekly support from Sept dump. If this zone doesn't hold when presidential election winner is announced this is where I will be targeting. Dont be surprised to see a contested election causing vol to rise allowing for this setup to play out.
NDX has been down trending this last month before elections, looks like some pricing in going on for post election that could lead to a run up heading into the end of Q4. If we dont break below support at 10k I can see this trade playing out. If we dont hold above 618 fib id be more more risk off because a lose of 10k range could see further downward momentum to...
