With elections wrapping up the DOW is still performing great dispite what news media says. As you can see it is possible for a breakout and along with Bitcoin continues to rise with a crazy 300k per a bitcoin by next decemeber, yet for that to happen the stock market would have to follow with those types of gains. I bought the December calls on the SPY and looking on the chart it might be a great december.
TA
-ATM the DOW would need to break two levels 29854 and go touch the 29963, but we are in a down slop, but the MACD looks like a crossover will happen tomorrow.
-Maintaining above the 50ema is very bullish and along with maintaining above the 54.2 in the rsi
Final thoughts I sold some RIOT calls thanks to bitcoin and bought the the spy 381 calls for dec 9. It is a big bet, but the chart is favorable to the bulls despite lockdowns and a biden victory.
TA
-ATM the DOW would need to break two levels 29854 and go touch the 29963, but we are in a down slop, but the MACD looks like a crossover will happen tomorrow.
-Maintaining above the 50ema is very bullish and along with maintaining above the 54.2 in the rsi
Final thoughts I sold some RIOT calls thanks to bitcoin and bought the the spy 381 calls for dec 9. It is a big bet, but the chart is favorable to the bulls despite lockdowns and a biden victory.