The Trump waft that began in early September turned into a full-blown short squeeze on Tuesday afternoon as rumor, anecdote and exit polls began to hint of a Trump victory. The rally steepened in after-hours trading and continued to gain altitude until the closing bell on Friday. It projected most immediately to 6130.50, but there is an even higher target at 6200.25 (see inset) that you should use as a minimum upside projection in the days ahead. It is an odds-on bet to be achieved because of the ease with which the 5962.25 midpoint Hidden Pivot resistance was penetrated. I expect a tradable top to form there, but you should be familiar with ‘camouflage’ triggers if you intend to get short. Stay close to the chat room if you are interested in the trade.
ESZ24 – Dec E-Mini S&Ps (Last:6023.50)
