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Monday, October 26, 2020

The Market Bid Is Weak Ahead of the Election and the Safety Net Is Gone


One Option Trading Blog https://ift.tt/3msKZ8F Posted 9:30 AM ET - This morning the S&P 500 will test the lows from last week and I believe the 50-day moving average is in play. The macro backdrop remains uncertain and Asset Managers will reduce risk into the election. Last Monday's market decline was a warning sign. The potential for a pre-election stimulus bill was keeping investors engaged and it was keeping profit takers at bay. The negotiations for the stimulus bill were not yielding results and an agreement is not likely before the election. The Senate will confirm Amy Coney Barrett today and Democrats will not be in …

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