While the Dow barely exceeded Friday's high on Monday, that was not the case in the NASDAQ.  Yet all three closed lower on Monday. We are still in this choppy consolidation. Since we did elect a Weekly Bullish on Friday in the Dow, that put us on warning that the decline would at least pause. This is why we NEVER enter trades in ANTICIPATION of anything. Only on the Reversals.

The NASDAQ made a new high today and the Dow did not. This is reflected in the Arrays which are different between the three indexes right now. Keep in mind that the NASDAQ peaked in August, S&P500 in September, and the DOW during the first week of October. So we should NOT expect all to behave in agreement. Nevertheless, this is also an indication that we are not looking at a MAJOR Crash that would reverse the long-term trend.

So NEVER NEVER NEVER Anticipate. Be dispassionate about the market for remember it is always going to be your own EMOTIONS that get the best of your judgement. ONLY trade on Reversals!!!!! Always let the market PROVE its direction. It is always the master of deception.

We are still in a position where we can make new lows before the elections. The number to watch is 267670 on the Cash S&P500. We stopped last week at 271051. So we have important support beneath last week's low that is not much further down. So do not get all bearish expecting the world just yet.

This is going to stay choppy into next week. The markets are still trying to figure out the direction as we have domestic players are bearish and international players more bearish on their home fronts. So this clash of views is responsible for the choppy pattern we should expect at this time.

The share markets should see some sort of a trend take shape for the elections.

Daily closings BELOW 276680 in the Cash S&P500, 24898 in the Dow, and 27400 in the NASDAQ would suggest that we will retest the lows.

REMEMBER - Position trading makes money - short-term trading more often than not loses money because people trade emotionally. Trade for the trend - not the daily swings without reversals!!!!