Yesterday we saw some strange trading. The Nasdaq closed well in the positive while the S&P 500 and the DOW closed in the red.
Markets appear very choppy at the moment but the trend is still certainly down. The SPY had been trading in a down-trending channel and has fallen through the bottom of that channel in the premarket.
Futures are pointing towards a bloody open. Down more than 1% at writing.
Risk is high as the election draws closer.
I’ve only a taken two trades this week. I could be on the sidelines again today. You can’t lose what you don’t risk.
TANH is a low float, support at $2.75
PBI has resistance at $7.67
PLTR watching for a setup above $11