trading date: November 15, 2016 –
After election, The initial reaction to Trump’s victory was negative but then Stocks continue to grind higher.
This move reminds of Brexit. Initially stocks sold off hard and they quickly found support.
Within a matter days the S&P 500 slingshotted to a new all-time high.
Resistance will lie at yesterday’s high at $217.27, followed by $218.31.
Support will lie at yesterday’s low at $215.72, followed by $215.22 and then the SMA100 at $214.83.