FX.co - Trader's diary for September 21, 2020. US market and the November presidential election

2020-09-21T08:06:57

Relevance until2020-09-22

Investors kept the US stock market from growing, due to being unsure on who will decide on the future US economic policy - Democrats or Republicans.

As a result, the S&P 500 index fell below the previous low and broke down the 50-day moving average.

What to do in this situation?

Wait for a breakout above the three-day high before buying stocks, OR sell after a rebound upwards.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Trader's diary for September 21, 2020. US market and the November presidential election