MARKET UPDATE: Yesterday's market correction (Friday, October 25, 2024) was primarily due to geopolitical unrest and active conflicts. While market conditions are stabilizing over the weekend, both U.S. and global markets still need to react. There is potential for volatility and "risk-off" responses across markets at all Monday openings.
HOW DOES THIS AFFECT US? Asian markets will open Monday starting at 8 p.m. EDT on Sunday night, followed by European markets at 3 a.m. EDT Monday morning. U.S. markets open at 9:30 a.m. EDT on Monday.
WHAT WE WILL DO: The remaining AP open positions have already withstood the correction and will remain in place.
WHAT YOU SHOULD DO: Monitor for a hedge signal for SHIB Long (AP240497) and potentially for BNB Long (AP240499). Monitor for limited new or strategic trade signals over the weekend.
GOING FORWARD: Once markets stabilize post-Monday, we will trade heavily into the recovery rally throughout November. November is historically a bullish month, though this year’s U.S. election may increase volatility. We will focus on Swing positions and limit Scalp positions. We expect significant clusters of Signal22 positions throughout the rebound and recommend that members participate if it aligns with your strategy. Note that any escalation in global conflict may spike pricing unexpectedly. Always follow proper risk management.