SPX Probable Near Term Bottom

SP:SPX   S&P 500 Index
169 0 4
On 11/4/16 the daily SPX             Slow Stochastic and RSI reached the oversold zone. Also the SPX             hit the 200 day Simple Moving Average which is a logical area for the bulls to defend. Tonight 11/6/16 in overnight futures the S&P 500             E-mini is up 25 points. There is a good chance the rally could continue into Tuesday 11/8/16 which is the US elections.
The result of the presidential election will probably determine the near term direction of the US stock market.
Clinton victory is bullish .
Trump victory is bearish .
The election is too close to call.

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