If the market can rally above the white line and sustain itself above that line, then it could rally back up toward the boxed white zone of resistance. We’ll likely see another sell-off at or around one of these resistance levels.
Of course, being right on the cusp of the election, there can be a ton of volatility after Nov 3rd, and admittedly extreme volatility is hard to call, near-term.
Thankfully, presidential elections or near-term volatility aren’t required for us and have zero part in our system. What always matters? Fundamentals first, then technicals/sentiment secondarily.
But I just like to periodically give you updates on what the market “could” do near-term, even though calling near-term movements has zero bearing on our long-term success/system.