The market remains in range, but beneath the surface, warnings are brewing. If left alone, the market would correct, rest and then figure out what it wants to do next. But we're three weeks from an election, and I don't think the government is going to let it happen.
This puts us in a situation where the market will either have some time to sort out its short comings or bearish pressure will continue to grow, eventually leading to an explosion at a future date.
And if the dollar breaks out, it'll be Katie bar the door. I would not want to be long.
Things are going to get much more interesting in the coming months. Be conservative. This is not a time to swing for the fences.
Have a great week. Jason Leavitt Jason@leavittbrothers.com
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.