FX:SPX500 S&P 500 index of US listed shares
Let me start off by saying I don't think a crash (-10%+) will occur before election day. Still as experienced in previous election cycles, usually two to one week before election day markets tend to sell-off as there is high uncertainty associated with presidential elections. I am basing this possible short play totally on technical and news factors; namely elections. The on the daily is about to crossover and the managed to reverse before 75%. This combined with the fact that the price broke the diagonal support (fib) and that the time cycles point to a new DCL on NOV 8th lead me to believe this week will offer an opportunity for shorts, mainly volatily calls to make you some money.
Trade active: Up 15% on my VIX positions, I am taking some profits.
Trade closed: target reached