SPY Neutral
As of right now, neutral on SPY. Expanding megaphone shows a lot of uncertainty with higher highs and lower lows at the same time. On the daily, we can ARGUE that it's possibly a cup and handle pattern; however, on the four hour chart we can see a failure to complete an inverted HS formation.
I am completely neutral as of right now as Pelosi and Mnuchin attempt to get a stimulus deal going by Tuesday, they are scheduled to speak tomorrow (Monday, October 19, 2020) ... election is actually RIGHT around the corner. I will be really careful or maybe just make quick day-trading scalps.
Good luck to all of you guys.
I am completely neutral as of right now as Pelosi and Mnuchin attempt to get a stimulus deal going by Tuesday, they are scheduled to speak tomorrow (Monday, October 19, 2020) ... election is actually RIGHT around the corner. I will be really careful or maybe just make quick day-trading scalps.
Good luck to all of you guys.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.