Dear Reader,
We’ve been talking about it since the spring… and tomorrow, voters will head to the polls to decide who will lead the U.S. – and the world’s most powerful economy – for the next few years.
And don’t forget, November is the start of the Best Six Months pattern…
Just take a look at the Money Calendar.
All green.
Last month, the SPDR S&P 500 ETF (SPY) traded right up to my year-end target, $585. Since then, we’ve seen a bit of a pullback…
But I believe a lot of that has to do with the lead-up to tomorrow’s election.
As it stands now, the polls continue to show a very tight race. While some show former President Trump with the overall edge, others show Vice President Harris in the lead. And that could be why we saw a slight pullback – and will likely see more volatility ahead – as investors and traders are taking some of their profits off the table early.
In short, there’s a lot of uncertainty right now.
With that, let’s dive into today’s Five Points Update…
Good trading,
Tom Gentile
America’s Pattern Trader