The market makes a very significant move up as a huge amount of out of the money puts are urgently cashed in, showing that in contrast to the Brexit vote the Trump challenge was well hedged by the major players.
It also shows that the uncertainty of the Election was what was holding the market back. It is after all, a BULL market and will continue to be so until further notice.
A new and very powerful looking T structure emerges with the major projection for the next major peaks from at least the 9 September collapse, and possibly the all time high.
Risk On.
To receive further analysis and updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations
Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.