Putting aside the fact that America goes to the polls today.
It is what it is and it doesn't really matter who wins, not in the long run. Sadly, not really.
The market makes a BUY Signal and activates a new small T projecting a first peak on the 16th.
At the moment it looks like a thrust, and if we compare it with BrExit we could be looking at a rally into 2250 (a future long term target).
First we have a short term cycle/pulse high scheduled for 9 November and a another high scheduled for 15 November.
If we can break through the obvious descending resistance line, further arms of the new T will become activated projecting a series of highs in December and even January.
In the meantime we have an election to navigate through and of course it is entirely possible that the market is unhappy with the result.
Take care and hedge accordingly because there will be a lot of orders to fill below the market.
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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.