There’s a lot going on this week on the political front. Infrastructure and the Debt Ceiling will be front and center for the markets this week. So there will be a lot of headline news events that may cause some volatility this week.
During the overnight trading session, futures were higher then dropped at 3 AM eastern during the European open. While the market rallied for the past three days, it is not inductive that markets will move ahead to new highs. We are still in a seasonally bearish period and there is upside resistance. However, unless there is an unknown catalyst out there, I would expect that the market will rally into the year end. But for now, stay nimble until earnings season comes around.
Always stick to you trade plan and base your decisions on that to ensure your decisions are sound and not based on emotions.
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