With a crucially important election looming, the S&Ps were understandably subdued, since no one knows what the vote will bring. I’d recommended getting long ‘mechanically’ if the futures pull back to the green line (x=3653), but this should be done only by those with the technical chops to cut the implied, $30,000 entry risk down to perhaps $1,200 or so. This recommendation implies that after touching the green line, the futures will be more likely to rally at least to p=3804.00 than they are to fall beneath 3502.00, the reverse pattern’s point ‘c’ low. _______ UPDATE (Nov 10, 12:43 p.m.): See my 12:24 post and follow-up in the chat room for a current view.
ESZ22 – Dec E-Mini S&Ps (Last:3910.50)
