The market has now fallen 9 days in a row, an event not seen since 1980! I think this illustrates just how nervous the market is due to this election. Prices did rally earlier in the morning and for a minute I thought it was headed towards the 2114 level but all gains were soon reversed after challenging 2100. Technically speaking this early morning counter-rally could be labeled an A or a W4, so we'll find out Monday morning if the bounce continues or a lower low is put in. I ended up holding and will be adjusting my stop to today's low of 2183, I will be selling towards the end of the session on Monday.
Have a great weekend!
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Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
Long Term Trend = Bullish