Stock market had strength in the early morning trading near its five-month high, but the mix of a stronger dollar, technical resistance, and uncertainty ahead of this week's major events left stocks to slide and nearly finish with a loss. S&P500 was up 1.12 points, closed at 1184.38.
In addition to the elections and the Fed meeting, the monthly jobs numbers will be released before the opening on Friday. There is certainly enough news this week to create either a breakout or a breakdown. The best thing to do is to wait until the the next buying panic combine with extreme overbought signal which will force all the bears to surrender, then you may start to short this market.
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