The election is over and now the markets may return to something resembling normalcy. The ES (S&P) is in a well defined range (referred to in Auction Market Analysis as a Balance Area). There will be a sharp break of this range. I want to be flat or long above 1435, or flat or short below 1393. I am playing the trade with options until I see the ES trade below 1393 (I will go short futures). Above 1435 I will go flat because right now I have a bearish working assumption. Similar analysis may be found here.
Other markets are interesting as well and I will cover those in detail in tonight’s report.
