The S&P 500 Index erased most of its losses by the close, giving up just 3.2 points, closed at 1182.45. The SPX continues to consolidate near the 1180 neighborhood.
Market is consolidating at 1180 area. A minor day to day correction will set up another rally to the top of 1120 range by the week of election and Fed meeting. It is not wise to short the market at this time.
Never short a dull market. If you are the fans of bear camp, I suggest you to get ready by the second week of November. When the excitement of the Fed's money printing game and the election is over, watch out the bulls by taking profit and run away.
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