As the elections close in and COVID spike the nasdaq will continue to fall. Money is moving from over priced tech into cyclical stocks. The likely Biden win might cause a short term drop down to the 200 day SMA. This coincidently is going to line up really nicely with the september lows. After a quick drop expect this rally continue into the biden presidency....
Oils up over 200% on its current run from the bottom. There hasn't been any major retracement yet. Last nights sell off was just the start, look to head back to 25ish to consolidate then continue up. Oil broke out of its wedge this morning for a short squeeze to shake out SL and bulls that switched short. Small rising wedge indicates a continuation of the down...
Possible Small head and shoulders for the week heading into a long holiday weekend. There is a large gap below that needs to be filled. Look for profit taking heading into the weekend to fill the gap. Short term bear, switch back long next week.
