Price could fly north Monday as far as I know, but I would enjoy a nice retrace to the 1.1050's. The only concern I have is that the majority of retail might be eyeing the same action. This would mean that price could plunge through 1.1050, wrecking retail longs, or it never gets there, for the same reason.
A Trump victory would help support my bias toward A major market correction, caused by the fed raising rates far beyond the 50bp increments that has been talked up in the past.
I do believe A major correction is due. but the owners need a Scapegoat.
A Clinton victory, in my opinion, is already priced into the global marketplace.
Either way, on November 8th, I...