Election Punt - SPX
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Stocks oversold here (on Internals' basis).
At prior support too.
Could tank but odds favour a rally into election day, and then 50dma (not shown) dictates
3400 ish
At prior support too.
Could tank but odds favour a rally into election day, and then 50dma (not shown) dictates
3400 ish
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And for anyone reading, by "INTERNALS" being "oversold"
I am referring to market LEADERSHIP, BREADTH, Price-Volume action
NOT
RSI, Stochs, etc or any other derivative of price
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