Over the past couple days, I felt this bout of election anxiety. I had voted early on Friday and then felt like I just wanted it to be done and over with so that I could know the results ASAP. I didn’t want to deal with the drama.
Then on Monday night I decided I did not want to continue to feel this way. So I reframed and wrote down the following.
#1 Election Day in the America is a tradition, and Election Night is highly entertaining as the electoral map unfolds and various news outlets share their insights.
#2 No matter how it unfolds both on the presidential and Congressional fronts, I have A LOT in my power to continue to live productively and happily.
#3 I am blessed to be born and raised in the USA as a citizen that gets to cast my votes.
#4 There’s so much trading opportunity that will come up no matter what! 🙂
(And yes, if you coach others long and well enough, you can use those skills on yourself too, just like this)
I woke up this Tuesday morning with a pep in my step, demonstrated a $1,000 trade in under 15 minutes in our Futures Trading Lab, and here we are, Election Evening.
As for where I see the markets I trade and monitor right now, as of 6:57 PM Eastern:
–> The ES futures (E-mini S&P 500) broke higher per my latest Skinny on the Mini report (I was undecided, but favored a bullish breakout), exceeding my initial 5803.75 upside target. I think there’s a bit more room to run toward 5867.00 next and will confirm that in my next report to S&P Edge Pro traders tomorrow morning (or late tonight, depending on how late I stay up watching election coverage).
–> The VIX (CBOE Volatility Index) is headed lower with my next key level at 19.30. And this is working nicely alongside the 2nd setup provided in the new tool that’s complementing my trading (1st setup came in Wed Oct 30, a day after I introduced it).
A note of caution: between the election results unfolding and then the FOMC rate announcement on Thursday, there’s likely to be more swift moves like we saw today.
Be extra careful as the speed of the action unfolds. And remember it’s OK to step back and wait to trade, sometimes not trading is a strategic move!
And no matter who wins, you’re still a trader, I’m still your teacher, and we will navigate whatever is ahead together!
God Bless America & these markets!
~Hima
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