$SPY sliding just a bit, but the $NYMO (McClellan Oscillator) is a better tell. The chart shows that this down move is not done, so I am expecting 1 to 2 more days of drama. And needless to say that all this drama is due to the elections tomorrow. I hate polls they don’t help anything but confuse everyone, and bring us uncertainty which is the last thing everyone needs.
I am a republicrat, and I could care less of who wins. For us traders it is just a change in the strategy, but I do feel sorry for people who think that the world they live turns around a face in power. Stop and really think about that for a while.
$SPY 1st support is 140.69, 2nd support 140.15, and 3rd is 139.
$SPY 1st target is 141.56, 2nd is 142.26 3rd is 142.71, and 4th one just for fun is 143.55
Trade what you see not what you think.
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