November 3, 2020
By Mish Schneider
Every four years a simple time frame defined by the date of the presidential election creates an Election Range in most markets, ETFs, sectors and individual stocks.
This Election Range defines inflection points that enable you to anticipate when the market will trend higher or lower in a meaningful way.
Anticipating which direction the market will move is simple, and very powerful for identifying big trend trades.
Watch Mish talk about this same strategy on FOX business with Charles Payne.
Russell 2000 (IWM) Second close over the 50-DMA. Confirmed Phase Change.
Dow (DIA) Broke 271 resistance and filled gap at 274.60
Nasdaq (QQQ) 267 Support. 280 Resistance
KRE (Regional Banks) Cleared the 50-WMA at 42.79.
SMH (Semiconductors) Watching for a second close over the 50-DMA to confirm bullish phase.
IYT (Transportation) Needs a second close over the 50-DMA to confirm a bullish phase.
IBB (Biotechnology) 128 Support. 135 Resistance.
XRT (Retail) 50 Pivotal. 52 key to hold.
Every day you'll be prepared to trade with: