11/21/2016

Amazing TrumpIt rally continues. SPY soaring above NovR2, DIA above 2HR1, QQQ above all pivots, and safe havens TLT and GLD continue to look weak. 

Despite my expectation of some digestion after the initial push of election week, markets just keep going up. After 11/9-11, later entry possibilities were QQQ (2nd hold of Q4P 11/15), SPY (clear of YR1 11/15), or oil (CL1 hold of 2HP 11/14, recovery of YP & Q4P 11/15 and hled Q4P from there). 

XIV nailed the market low and now approaching YR1 major resistance. Let's see if the party keeps going.

SPY and XIV below.