As expected, due to the uncertainty regarding the upcoming elections, the S&P500 lost 1.8% last week and expected to continue its decline until Wednesday when the election results will be published. Analysts’ expectations are almost binary: Up if Clinton wins, down if Trump wins. My expectation, based on what we experienced during the Brexit, is a strong initial move, however a quick pull back in a matter of hours or days, back to the starting point, therefore a zero sum game. Due to the expected high volatility, this is NOT the time for investors, IT IS the time for traders.
Day Trading Weekly Review – November 6th.
Nov 11, 2016 | Uncategorized