Possibly we will see a dip to a before making a successful cross with a close above the . I think that's the most likely outcome in the event that Trump refuses to concede and there's unrest or a protracted legal battle. Should Trump concede, I think we could see an immediate cross as the nation breathes a sigh of relief that there won't be rioting.
Typically, the longer you spend at a , the more likely that the will be breached. So the fact that we're hovering near the today rather than pulling back from it bodes well technically for getting across the line.
In fundamental terms, I think it likely that there will be one last meltup on news of a new stimulus bill, whenever one materializes. The parties may wait until Senate races are decided, so that they know what their bargaining power is in negotiations. Investors, however, may not wait to start speculating on the stimulus they know is coming. With election uncertainty resolved and Q3 looking pretty good overall, I think the meltup could soon begin in earnest even without any definite stimulus news.
I'd caution that the market is very overvalued here-- less so if you take into account how low interest rates are, but still multiples are at historically high levels and there will likely be a correction at some point in the next couple years, especially due to multiple compression if interest rates begin to return to normal levels. (Large corrections often come in the second year of a president's term, according to election cycle theory.)
Intelligence Insider: President Trump Setup Democrats In “Sting Operation” To Catch Them Stealing Election!
So my question. What do you think happens if Trump is the winner after a recount and weeding out of fake ballots?
If you refer to the announcement of Dr. Steve Pieczenick that I have posted a link above. Then this is more like a counter-conspiracy "theory" at the moment. But my take is that you will hear from official US government sources soon that ballots were marked the way he describes they were marked. Then this is no longer a "theory" but a fact of a carefully planned counter-conspiracy operation to thwart election meddling.