trading date: November 08, 2016 –
Bullish day with a wide gap up! The 200-day MA was tested Fri and now we are bouncing. The 100-day MA is the best next resistance.
Everything will depend on the election outcome: If Hillary wins we will muddle around until the Dec rate hike, instead a Trump win would spark selling and that would be great for trading (that is less likely now).
Resistance will lie at yesterday’s high at $213.19, followed by SMA100 level at $214.44 and then $215.32.
Support will lie at yesterday’s low at $211.30, followed by $209.60 and then SMA200 at $208.41.