Traders,

Everyone's blowing up my DMs asking how to play the market around this shitshow of an election.

The responsible answer would be "sit on your hands and wait it out." But I know you smooth brains would rather YOLO your life savings into 0DTEs than show any patience. So I went balls deep into the volume profile to find some actual edge in this mess (and spoiler alert: there is).

Vol Bot Giveaway

Before we dive into the political circus, some juicy news. Unless you've been living under a rock (or still bagholding $AMC), you've seen our quant team's newest creation absolutely slaying: the Vol Bot.

And yes, I see you thirsty degenerates begging for access. So here's the deal: I'm giving it away free to a handful of my most loyal degens. Details dropping next week in this newsletter and on Twitter. Don't be the guy who misses out because you were too busy watching cat videos.

Market Thoughts

After getting smacked down 200 points from that insane fall rally, the market's finally catching its breath like your out-of-shape ass after climbing stairs.

I already shared my general outlook the other day:

But let's go deeper than some cryptic fintwit analysis.

First, zoom out before you hurt yourself with those 5-minute charts:

The market's been playing ping pong in this 5700-5900 range like a drunk frat boy (i.e. we are in balance). This is typical pre-election behavior - the market's basically sitting on its hands waiting to respond to the event volatility.

But I know you degenerates want more. So let's deep dive. While $NVDA was carrying the market like Atlas, the big boys were playing 4D chess. It's not obvious at first, but stack some profiles from the market highs together:

Holy shit, it's the world's most obvious "P" profile. If you're too smooth-brained to know what that means, watch our free video. TL;DR: A "P" profile spread over time is like watching whales distribute their positions sneakier than your ex distributing your stuff on eBay. That top-heavy structure? It's indicative of institutions dumping their bags on retail faster than crypto bros during a crash. And as is typical, a trend reversal followed.

I can already hear you crying, "Great hindsight trading, Jay, but what about NOW?!" Calm your tits. If big players were distributing up there, we want to look for the opposite - accumulation - before we start thinking about long positions.

Lucky for you smooth brains, we know exactly where to look. Let's rewind to where this shit started:

Would you look at that - the world's most obvious "b" profile. These are like the evil twin of "P" profiles, showing big players quietly loading up like your mom at Costco. The point of control around 5690? We can think of that as the average price of the institutions’ long position — AKA where they're probably going to defend harder than your girl's DMs.

So as the market works its way down and possibly experiences some election volatility, if there’s any hope for the bulls, I would look for them to respond aggressively if the market dips back into this area. On the flip side, if they lose it, then neither Kamala nor Trump may be able to stop the bear train.

Want More Volume Profile Analysis?

If you want to learn how to read volume profile like a chad instead of a virgin price action trader, become a premium member. You’ll get:

Here's the deal: We're more packed than a Taylor Swift concert, so premium sign-ups are closed. Yeah, it sounds like we hate money, but we actually give a shit about helping people.

But don't start doom scrolling yet - the waitlist is open. Fill out our survey, and if you're not completely hopeless, you might get in when a spot opens. You've got 48 hours once you get the email, so don't choke.

We don't care if your account is smaller than Biden's approval rating. Just don't be an asshole and be ready to learn.

Can’t Wait?

If you absolutely can’t wait for a spot, go ahead and hop in our Discord. It’s completely free, and filled with goodies like Adam’s Chartbook, our risk management guide, and free live market insight from me when I’m in a good mood. Plus, you might even catch some vol bot trades:

Got questions? Complaints? Political memes that'll get me banned from Twitter? Hit reply. I read every response.

Now go study this shit instead of watching election coverage,

Jay

P.S. If you're not at least on the waitlist after reading this, you probably think voting affects the market more than the Fed printer. Do better.