looking at SPX500 and the climb as expected we will probably see another sell-off here and at least a retest of the previous trendline to the downside. Orderbook showing loads of sell-pressure (probably profit-saves by bulls) which makes sense ahead the debate and NFP`s ahead.
I expect that bulls will save their positions before the fundamental events with an unpredictable outcome begin. Technically we see a nice breakout with a current overbought market which will probably lose momentum soon.
A pullback would be healthy for the bulls to find more power!
We also see how DXY (US-DOLLAR-INDEX) almost didn`t drop and that Risk-On-Assets such as AUD and NZD didn`t really climb. Bonds are also stable and we see no yield-change which shows there is no significant cahsflow out of save havens into stocks.
Good chance to sell I guess!
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