S&P 500 Up 6.5% During US Election Count!

6 พ.ย. 2020

The US election vote counting has been going on for a number of days now but the market seems unfazed
as the S&P 500 continues to rise, with stocks breaking out to reach new all-time highs this week.

September and October displayed pullbacks across the board but November is showing bullish momentum
and if these moves are sustained then we should see breakouts in the coming weeks/months.

Price has been in consolidation since the beginning of September and has been crossing above and below
the previous all-time high at $3393 while the market finds its footing.

With a move of 6.5% this week in the S&P, we have seen some stocks making record highs and setting up
for opportunities once all the election dust settles.

As we are around the period of the year where trends begin to emerge, we are technically due to start
seeing some long-term trends. If this historic cycle plays out then prepare yourselves for the opportunities
that may appear over the coming weeks.

See below for more information on our trading techniques.

As always, keep it simple, keep it Sublime.