Market Caught An Election Fever

29 oct. 2020

Thanks for taking the time to read my idea, your support is appreciated.

The Dow plunges as corona cases rise...raising fears of lockdowns.
The bullish idea was derailed.
No stimulus until after the election magnifies the despair!

So often pre election is fraught with worry or uncertainty and relief to follow.
A market so oversold and stretched to the downside will rally hard and fast.
There will be no crash yet..they are not ready to pull the plug.

Good trading

30 oct. 2020

Note

Final wave 5 down in progress...a bottom formation.
Expect a substantial rally next week.