Well the US presidential election is finally behind us. President-elect Trump is busy picking his staff for for the takeover in January, 2017. Not unlike Brexit the results took many by surprise, even those who got the result they were hoping for. Politics is not unlike the environment or the Emini market; If things get too out of whack with the environment, nature will correct itself with a storm, hurricane, tornado or an asteroid to put humans back into their rightful subservient place and correct and wash away the ills of the past. The market will correct with vigor or a black swan event to equalize what the FED, in their infinite wisdom distorted artificially. Years of political corruption, elitism and narcissism will correct with a black swan of another type, a business man with a big stick named Donald Trump. Years or decades of extremism by the out of touch elites can be equalized by a pragmatist. And so it goes.
I have my own opinions on how the market will react to the election that I discuss in the video. Right or wrong it is our job to simply trade the market regardless of what it does. Doing a couple of bug-fixes and updates to some of the EEdge indicators as well, always looking to continually increase my edge. One of the biggest changes is an update to the EEdgeTrend algorithm that recalculates the Trend Lines to give a better support/resistance type feel and gives us more opportunities to hit those sought after reversals as well as the trend trades (about 10 mark). Gotta say, pretty exciting stuff, but only if you like more profits, otherwise its "ehh".
Hope you traded well.
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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