Morning everyone 👋
I'm on the lookout for the potential that midterms serve as an inflection point in the market.
Whether it be a buy the news on a dem sweep after getting priced in all Oct, just bounces from monthly 12ema on QQQ and SMH, or unwinding of hedges etc.
I'll be going with a reactive approach - If bulls show up, I'll hop in with them. If they don't, then I maintain intermediate bear bias due to daily downtrends.
Let's see what we get.
$SPY $QQQ $SMH
"When traders act early they get paid or punished fast.
When they act carefully, they survive to size up when conviction eventually arrives."
I needed to hear this one today 🙏🏻
@TXWestCapital
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