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1st test of ema20 in a long time, so should be some buyers here.
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As the outcome starts to roll out by Wednesday in Asia, the regional markets will be the first to trade on the results. Reuters writes that as a result, Asia-focused banks are boosting staff levels, while others are raising the margin requirements for trading to cope with a possible spike in volume or volatility.
Meanwhile, traders expect the S&P to swing by about 2% in either direction on Wednesday based on the price of S&P 500 index options.
Options on the QQQ and IWM, are pricing similarly large swings before the week is out.
Markets yesterday priced in a Hillary win; a surprise Trump victory would likely lead to drop of (some believe) 6%.
Douche Bank, still hurting from the Brexit calamity, is not taking chances, advising its sales and trading team to immediately report to their trading desks should Trump wins Pennsylvania and Michigan.
This means shortly after the polls in these two states close at 8pm, trading will either promptly die down or will just be getting started.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
About tonight. Zerohedge says Deutsche Bank wants all hands on deck if Trump takes Pennsylvania and Michigan. I think it entertaining that after BREXIT they are talking about results of at least three different outcomes at the major trading houses.
Bad for my plan as I have a new fried chicken I am trying out and a fresh bottle of my preferred adult beverage. Can't trade high volatility moves with a cloudy head.
mr miyagi
any insight into success of hitting pbars if there is more of them to a specific level? or no difference ..e.g. 208.48 in your example,lots of bars.. tia...