If we do see a steeper pullback ahead of the election, it could set up some nice long opportunities on $SPY
Looking at over 30 years of data, November has an average return of +2.40%, the highest of any month.
De-risk into election, then rip it directly after? 👀
Nothing good ever happens under the 21-day EMA.
Bulls stepped in right in the nick of time today...
Is this the buyable dip everyone has been begging for? 🤔 $SPY
Whether the market is up, down, sideways...
Walmart just keep chugging along. $WMT
Price is trading new all-time highs again today, up +56% YTD.
Not surprised to see smart money parking their money here with less than two weeks until the election. 💰
Another great lesson in Volume Profiling today:
1. At the open, price slipped below the Value Area Low (VAL) of this multi-week balance we have been trading in.
2. At 10:30AM ET, price retested VAL from below & got stuffed.
3. This resulted in a large liquidation as price