Possible Turning Point

little heads up in regards there only being six sessions left for regular market instruments until elections...

in simplified terms:

"buy the rumor, sell the news"

I will take parts of the longer term long holdings off to avoid six sigma risk and to cash in some profits some additional thoughts to this unusual cumulation of events (there is also time nodes and other interesting TA besides the fundamentals)

The red room trades averages not extremes

we see risk control to be the most important aspect in trading and the way charts present itself the end of this week and the entire next week are a high risk environment

While educated money knows that trump will win and bet the farm long for quite a while now

When the news are out dumb money flowing into the market will more likely than not be used to take profits and this can even be earlier than the 6th.

ES is already coiling up, Metals have a wider double top above price...

In short the risk of a volatility spike, faded moves in both sides (reentries long after a quick but dominated sale or severe shorting after an initial blow off top long effort and also quite some high probability of a temporary segment of fast chop settling in,

the red room will trade quarter size plays only and even close for personal matters for the end of next week

We advise extreme caution and underline the principle that:

I will temporarily reduce overall market exposure to protect against six sigma events and for those familiar with options trading butterfly spreads are a good option here as well to protect your exposure