SPY Neutral

As of right now, neutral on SPY. Expanding megaphone shows a lot of uncertainty with higher highs and lower lows at the same time. On the daily, we can ARGUE that it's possibly a cup and handle pattern; however, on the four hour chart we can see a failure to complete an inverted HS formation.

I am completely neutral as of right now as Pelosi and Mnuchin attempt to get a stimulus deal going by Tuesday, they are scheduled to speak tomorrow (Monday, October 19, 2020) ... election is actually RIGHT around the corner. I will be really careful or maybe just make quick day-trading scalps.

Good luck to all of you guys.