Nov 4 2020
The market took out 27,770 today, the blue line. And the daily chart looks much stronger. I give up on predicting what this means about the election but I suppose it is suggesting neither party will destroy things any time soon.
four hour chart
the four hour or 240 minute chart looks very strong. Price needs to exceed the convergence of the MAs where price is right now to usher in a rally to new highs. Looking strong.
VIX
The collapse in the VIX also suggests a stronger market.
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