On November 9th after Trump was declared winner - the cash market dropped for one minute before starting an all day rally.
Near term there could be more rally up the declining , and/or a .786 retrace of the Nasdaq decline from the high of the year.
The Nasdaq could reach the lower trend line which is the next logical stopping point.
If it can reach that area then we can see if it holds.
My newest article in Traders.com Advantage was published on Tuesday before the election.
In that article I note some areas of bullish momentum and that the bears are running out of time- seasonally.
As of now we can't rule out a possible move of the three main US indices reaching new all-time highs.