The major indices continue to experience a mild correction, as investors digest headlines from both the election and coronavirus. We have traded down 9 out of the last 18 sessions on the NASDAQ 100 ETF QQQ, and investors are watching closely as we breakthrough the 50 day and test the 100 day moving averages. The S&P 500 is consolidating between the 3300 and 3200 levels and any move higher or lower will confirm or reject the longer term uptrend. We could continue to experience volatility as we move towards November and investors need to be prepared for volatility as we approach the presidential election, before and after… If there is a contested election result, investors could develop a risk off attitude.
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