SPY going higher, Trump wins
The red monthly candle was about a 30 percent retracement of a move up from March 23, 2020 at a low of about 212 to early September 358 price point that I see as one leg up. September 2020 candle has a long wick about half way or so back up the candle. Buyers are stepping in. This move up will continue higher for next few months forming a second leg up before retracing. Looks like markets are betting on Trump winning the election after yesterdays debate. Would you want Biden in office?
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