Wake Me When Its Over
On Monday, the Nasdaq traded back-and-forth in a narrow
range.
Ditto for the Ps.
So what do we do? Geez, I wish I had
something new to report, but I don’t. The market remains in a holding pattern
ahead of the election. I would imagine that as long as we don’t end up with another Florida
fiasco, the situation should begin to resolve itself (one way or the other)
after tomorrow. For now, as I’ve mentioned ad nauseam, before jumping in (i.e. getting aggressive),
wait to see if the indices can decisively clear the top of their trading ranges and then have an
orderly pullback–provided this action doesn’t put them back into their trading
ranges.Â
No setups tonight. Â
Best of luck with your trading on Tuesday!Â
Dave Landry
P.S. Reminder: Protective stops on every trade!
P.P.S. Learn my newest and most advanced version of my Bow
Ties Strategy. Click
here for details.
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