My Favorite Election Trade
I don’t know if SPY will be up or down on election results, but I know I’d take this trade every time it sets up.
I don’t know if SPY will be up or down on election results, but I know I’d take this trade every time it sets up.
Volatility has come in from its recent pop, but there’s still enough premium in the indexes to set up trades. Let’s review my favorites, along with a list of swing setups I’d like to add, once the dust settles.
Using my HPMR volatility indicator and an overbought/oversold oscillator. Like I explained in yesterday’s video, we faded the moves this morning in the RTY and YM using options to daytrade the ETFs.
Whether intraday daytrades fades or oversold fades of the indices and sectors on the daily charts, this market is about mastering the chop that we are in now…
It’s not about politics, it’s about psychology. And right now it’s less about longer-term positioning and more about staying nimble.
Let’s look at the HPMR and ReadyAimFire technique, as well as which markets I am in going into the election.