On 11/4/16 the daily SPX
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.