Couldn't get past the Open. I think that test of last week's low can happen. Short bias below 60 for now from my POV. But not loving these rips. LOL.
Done for the day. @Laissez Faire I found some prefab indicators for Ninjatrader that plot the last close, today's open, and the last day's high and low. A nice set of labor saving devices. I traded my Topstep account today and the TopstepX platform looks a mess when I plot the trades. I watch Ninjatrader, and trade on TopstpeX. I'm not very comfortable with the TopstepX charts. I am plotting VWAP which is something I picked up from the Topstep peeps. I haven't used it as a decision device yet. I am watching it and it does hold my interest.
Got the V, but upside momentum fizzled out. Leaning long for another leg higher, but I'm uncertain on this one...
I made a post in one of the poll threads in the politics section of the message board here about this. I was in Montco, Berks, and Lancaster this weekend in PA, my home turf. I actually went to the Trump rally at the Lancaster airport yesterday. The nearby farmers market has had better attendance on a hot summer day than I saw at the airport yesterday for Trump. My impression is that the polls are wrong, it isn't tied, and Harris is going to win PA by several full percentage points. I live in NYC and I don't vote and haven't voted in a dozen years since moving here. I feel that Trump will still win the red counties in PA, but he's lost what I estimate to be a significant enough amount of support that he will finish weaker in PA that he did in 2020 which is the opposite of what he needs to do. I don't know how the market will gyrate between now and the time the election is finally called for one or the other. I feel it will be called for Harris. I believe for that reason that the S&P will keep trading above the July close for the remainder of the week at least.
In my view, the key question (for the markets) is going to be: When will [whoever] be declared the winner of the election? That said, I hope @flash crash is right and tomorrow night there's a clear winner.
I have a feeling the election will feature another controversy about cheating, protesting, raising a ruckus and then getting even more divided as a nation. Possibly some cat ears on the chart, followed by a furious V that obliterates anyone who doubts J. Powell