NOVEMBER 06, 2024 — WEDNESDAY AM
Trump won the US Presidential Election, which sent the markets rallying in overnight and pre-market trading. The ES is trading higher by 2% with an ADR range of 200%, while the YM has a range of 1365 points and nearly 300% of ADR. BTC is up 6.75% and ETH is up over 8%, as crypto rallies alongside equities. Gold, however, is down big, as is Crude Oil. After such massive moves overnight, the markets may look to maintain gains throughout the RTH trade. Bulls will look to defend intraday pullbacks to VWAP, as these markets continue to market toward new all-time highs.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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