NQ breaks to new highs. Markets reacting to Election Results

This upward trend seems to have some momentum today. I'm not suggesting traders chase this rally and hold anything overnight, but I am seeing new highs on the ES/NQ charts, and IWM and other sectors are rallying to new ATHs today as well.

This shows the scale of capital sitting and waiting for the election to play out. Traders were very concerned with the election outcome.

At this point, I consider this rally phase a bit overcooked. The ES and NQ will likely continue to try to push higher as we move into the Santa Rally phase, but as a trader, I would be cautious of any overreaction to the election results.

My best advice for my followers is to continue trading in minimal quantities unless you can handle taking huge lumps/losses over the next 3 to 4 days.

The US markets will settle into next week, and after this emotional price move subsides, we'll start to trend based on more logical economic data.

There will be some huge opportunities for skilled traders over the next 5+ months. Get ready.

Get some.

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