A CNBC headline today said the election is a “lose-lose” for the markets. Well, if you are a buy-and-hold investor, that is probably going to be true. But, if you are informed and prepared, there are opportunities in the market volatility that is certain to follow, regardless of who is elected. As expected, the market traded in a very narrow range this last week. Corporate earnings were mixed and gave no reason for either the Bulls or the Bears to get excited. We should expect this to continue next week and through the election. After that, watch out! We have a very Bearish pattern on the S&P 500 and the highest probability is that it will head down after November 8th.
Dean Jenkins is the founder of FollowMeTrades.com. He has over 20 years of investing and trading experience and makes his living both day-trading futures and position trading equities and options. He is TradersCoach.com’s “Head Coach” for their one-on-one coaching division and consults with traders all around the globe helping them reach their financial goals.
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