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Published on Nov 7, 2016
The
S&P 500 gapped higher at the open on Monday, as we continue to see
quite a bit of volatility in this market. By breaking above the 2120
handle, it suggests that we are going to go even higher but keep in mind
that today is the presidential election in the United States. The gap
of course was since Hillary Clinton will not be indicted by the FBI in
the email case, at least not now. Because of this, it appears that the
market prefers the “status quo”, but we will not get answers as to what
the election results are until late in the day, so it is probably almost
impossible to trade this market.
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