Storming The Capitol

No matter who wins tomorrow, judging by the fanaticism and outright violence observed during the past year, I expect the four that follow to be awash in plenty of controversy and eternal conflict. Really not something to look forward to as the pillars of our democracy have already shaken enough since we valiantly embarked onto the 21st century. I wonder if it is by accident or design that the polarization of a once proud and powerful nation only seems to intensify during each new presidential election cycle.

And I also often ponder how much of what remains of our democracy bears resemblance to the original visions of our forefathers. Then again let’s remember that even those esteemed gentlemen were quite skilled in using their elbows or even a musket on special occasions. So perhaps they’d just smile sheepishly and say something along the lines of ‘we did our part – ball’s in your court now, kiddo’.  Anyway, whatever you do tomorrow, make sure you go out there and cast your vote. It’s not just your privilege, it’s your constitutional duty.

Amazing what a weekend and an all clear from the FBI can do to one’s short positions. Actually quite frankly I think we got pretty lucky there as my own stop got filled only about 1R above where I had placed it near the prior spike high at ES 2098.75. In retrospect the late Friday session was a great opportunity to take at least partial profits ahead of the weekend and I’m glad I had followed my own pertinent advice on that.

By the way, I have posted the wrap up video of the Friday session above if you’re interested. Clearly momentum shriveled up mid session and gravity once more drew us lower. Technically speaking we were set up for continuation lower but obviously event risk is at its all time high and holding any positions ahead of tomorrow would be rather suicidal. Which means no setup today as it’s best if we remain in cash until Wednesday morning.

Now don’t be the goat – get out and vote!

See you guys tomorrow morning bright eyed and bushy tailed. I expect about half of of you will be hungover and in a great mood and the other half even more hungover and depressed. That’s democracy for ya! Which is why I remain available as emperor king if asked to step up. Hey, how much worse could it get after this election season?