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It's Decided! Hillary Wins, That is, If We Are to Believe The Equity Markets Today


As you know by now, ES (Emini S&P 500) opened +25 points last evening, just hours after FBI Comey exonerated Hillary Clinton-- two days ahead of the presidential election.

As we speak, ES is up 30 points, or +1.4%, and has hurdled prior key resistance at 2107, which increases strongly the likelihood that Friday's low at 2070 ended the entire correction off of the Aug 23 high at 2191.50 (-5.5%).

That said, the election results are still two trading sessions away, which means that we cannot rule out a whipsaw or two, some backing and filling to close some, or all, of the up-gap off of 2080, prior to upside continuation-- if indeed, the Aug-Nov Election Uncertainty Correction is over-- and a new upleg is in progress.

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