Defying Gravity

Today the most prevalent question in my mind is whether we’ve now already priced-in the following two scenarios:

1) a very republican outcome in the November Mid-terms and

2) The Fed’s much mentioned QE2 missiles.

If these two things are priced in then I feel we are due for some selling pressure the next few weeks.Ifnot priced in and David Tepper’s predictions of a rally either way hold true, then SPX 1200+ is likely to be tested soon.

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.