US equities post second-best election day gain ever

What does that mean?

It could mean that the market is expecting a clear result tonight. You can see from the S&P chart though that there is a lot of consolidation going on. We’ve done some back and fill for two months and now the chart is ready to make a move higher or lower.
What does that mean?
  • S&P 500 up 59 points to 3369 or +1.8%
  • Nasdaq +1.8%
  • DJIA +2.1%
  • Russell 2000 +3.0%