Chart - Z1P, page-979

For those who care, Nasdaq CAH (with a slight adjustment) still shows a very solid downward trend. Wasn't a fan of yesterday's Nasdaq 4% crunch but the channel is still there after last night's restricted trade.

There's still no sign for an entry - yes I know, today Zip will be green...but it's not good enough for me. Only 3 trading sessions before the election - I've made it this far so I'm willing to wait.

I do think though if you've entered recently then you could have picked the bottom with some level of comfort. FANGs have reported last night and there's a slight sell off coming in Apple & Amazon but Google smashed it so I think tonight will be flat-ish (ignoring Covid issues).

I'm still expecting sell offs on Monday and Tuesday next week prior to the election for those who want to profit take prior to the event. And then Wednesday we will know more about the election result and can invest with confidence as opposed to speculation.

If a contested election occurs, the US will sell of anywhere between 5% - 15% based on 2000's contested election. So the downside outweighs the upside right now.

GL all.