1-800-454-9572
Contact Us
ELECTIONS MARGINS UPDATE, Managing Event Risk Around the 2020 US Election & Futures Levels 11.03.2020
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
_________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
_________________________________________________
Dear Traders,
- In 2016, price volatility spiked eight weeks prior to the election, followed by a downtrend.
- In 2016, this downtrend stopped (and reversed course) on election day and in the days after.
- Price volatility peaked on election night, and it took approximately 10 business days to revert back to the same levels as 10 days prior to the election.
- The expanding trading range pattern prior to the election appears to be following a similar trajectory in 2020.
- Despite the similarity in trend, the trading range in 2020 is wider compared to 2016.
- In Gold, we saw a similar tightening of trading ranges, similar to E-mini S&P 500 and the 10-Year Treasury prior to the election.
- In 2016, this downtrend stopped and reversed about 10 days prior to the election and spiked on election night.
- Trading ranges of Gold are wider now compared to 2016.
Good Trading
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
Futures Trading Levels
11-03-2020
Economic Reports, source:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
