Looks like we're going in for a re-test of 3200. If bulls can hold it there based on stim news or any positive developments on fiscal support for citizens/businesses, then we might see a bounce up to the .50 fib retracement between 3200 and the lower high from September around 3520. 3200 has been strong support, so let's see if it holds up. I'm short-term bearish and long-term bullish. Once election uncertainty goes away, traders will have a much clearer picture of what's to come.
If Fed's powers expand and we start dabbling with MMT, then I would be VERY bullish on all asset classes but especially gold, bitcoin and equities.
Good luck!
If Fed's powers expand and we start dabbling with MMT, then I would be VERY bullish on all asset classes but especially gold, bitcoin and equities.
Good luck!