Somebody tried to jump the gun and load up on stocks ahead of the election results today. It looked like a good move for most of the day but sellers squashed that rally late in the day. The result was shooting stars all over the place. Some important levels were tested, and held as resistance, today — Nasdaq at 2000, the S&P around 1140. So as I see it it’s still up to the bulls to push the market decisively above the downtrend lines. It should be a fun day tomorrow. Let’s hope that have a winner by the time the market opens.
