Random thoughts: We bounced off of the month's opening price today. Looks like the bulls tried to push it above last week's low but they failed at the daily VWAP. Bounce was relatively uninspiring, in my opinion. I feel like treasury yields are steering the ship right now.
Well, as a Junior V myself, I'm pretty sure that's the most safe way to trade . But something tells me this time it might be different. I think the market will trade lower for the next 2 weeks until the election day. I don't have the downside target but I reckon it'll be about 10% selloff.
I tried to explain that to Merlin with a Kroger chart starting in 1990. The only two that beat it were AMZN and (newcomer) NVDA. It even beat Google. He's come around though. That's why he's Merlin.
Throw a V in there somewhere, that's just my nickname for him. He knows things many don't. (Aside from Krogers of course). https://www.elitetrader.com/et/members/mervyn.527173/
If he's a Kroger fan, he's okay by me. I spend more time than I care to admit shopping at Fry's (owned by Kroger).