Sept...30 Sep 2020 21:21
..well thats Sept done with, considering some had labelled it the month for accumulation there wasn't much action eh, but one of our residents won best in show for the Rose bed.
I did not notice any II's averaging down.....
As stated, Sept is known for volatility, traders back at the screens, reorganising, Quad Witching etc, etc... So apart from the release of the finCen files to add to some volatile trading sessions it had been quite quiet compared to previous years of Sept sessions...
As we enter Oct , the month with the bad rep for crashes, we have some interesting dates forthcoming, UK/EU deal or No Deal, Cons united on amendments as predicted, now will they unite for a No Deal?
The BoE Jungle drums are beating, the committee members on both sides making a case for and against NiRP, it does seem to be in the news a lot nowadays considering it had been done to death.
Then we have Results Days although that is toward the end of Oct…29th other results may create another opportunity to sell into the rise.
Then it’s onward and downward as ALL eyes will be on Nov 3rd, US Election.
Although after watching the first live debate I would think the massive expected x8 volatility increase in trading, on election day, which apparently had been stress tested and all systems “are a go” one has to ask the question will Robinhood traders, mom’n’pop get caught out or sell out.?
UK set a deadline for the UK/USA trade deal, mid /21…..apparently China not living up to Phase one of the US/China deal whatever could be wrong I wonder
All interesting imho….
failure to prepare is preparing to fail, to finish on a positive note one of our residents won best in show for a Rose bed.
DYOR
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