SPX levels heading into elections

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The 2111 remains a critical level for price to react to. On November 4th, I mentioned to look for price trading back up to 2111 and if it has more momentum, to WAWS box of 2121 – 2140. This view haven’t changed. With the FBI clearing Hillary of all wrong doings, traders finally have a reason push the SPX back into at least my 2111 area. Sometimes the wonder of technical analysis do amazes me thought I have seen it happening again and again.


From a lower time frame perspective, prices is just trading within small ranges as shown above. I do not think the SPX would move much pending the outcome of the Presidential elections.  Market is still in an uptrend until 1991 support level is broken. I would be waiting to pounce on the sell bandwagon when that happens.