I hate days like today for day trading. The bulk of the gains came in the first hour, which I don’t trade. The rest of the day was just sideways chop. Nonetheless, it was a good day for the bulls with a 1.5% gain for the Nasdaq and a 1.1% gain for the S&P. Both indices are already closing in on October’s highs. I’m a bit skeptical about whether they can breakout to new highs but who knows, maybe the market will love the election results and we’ll blast off…
Here are charts of the Nasdaq and S&P 500
Trend Table
Short term trends flipped back to “up” today….
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Up(+) | Up(+) | Up(+) |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
nice to your see your daily analysis, i was missing them!