FOR WEDNESDAY: (11/7) With absentee ballots and recounts, we may not get final result for a month but we will get a trend in the morning. Cycles are supportive for a surge overnight and this market will be impossible to play now and probably not in the morning either. As always, waiting on news and always too many surprises with this backdrop, and with the sell-off in gold and silver it seems the trade is banking on the dollar coming back.
DEC. E-MINI S & P 500
TRADING RECOMMENDATION: Wait for morning comments.
S & P ANALYSIS FOR WEDNESDAY: (11/7) The close above 2755 confirms the bullish pattern and cycles, which are still strong into early next week, suggest a surge is coming. It might all be in by Wednesday with resistance at 2774 and 2814 being daily chart targets.
CYCLES OVERVIEW: Higher Wednesday; generally higher into Nov. 12-13.
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