The SPX continues its sideways shuffle with a slight bearish tilt, confirmed by a Bollinger Band pinch signaling containment. This range might not last, with red flag news midweek poised to rattle the markets. Dow Futures are already testing yesterday’s lows, hinting at potential shifts. While bearish setups dominate for now, the market’s nature means anything can change, and bullish triggers are on the radar.

Markets are slowing into a sideways stall, confirmed by Bollinger Bands narrowing into a tight range. The SPX “Tag ‘n Turn” setup leans bearish, but we’re prepared for a shift. If new highs appear, the bear stance exits. Conversely, a move into the reversal zone strengthens the bearish outlook. Stay alert for breakout signals and shifts as we move forward.

Post-election market momentum remains bullish, potentially lasting well into next year. However, signs of exhaustion—like wicks on daily candles—indicate a possible pause or correction. The SPX Income System has detected bearish setups, suggesting traders might anticipate a brief pullback. If prices dip to the marked bullish reversal zone, it could present a prime buying opportunity.

In a post-election landscape, expect bullish momentum extending through the year and into the next. Despite a significant gap up yesterday, I’m waiting for a correction before entering bullish trades. The 5825/50 level is a potential reversal zone, with historical trends suggesting strong market performance in the coming months. Today’s FOMC meeting may introduce volatility, but the market is back in business.

Trump is the next President, and the markets reacted positively with significant gains across major indexes. The S&P 500 rose by 2.1%, while the Dow jumped 2.6%. Although sectors like solar and cannabis declined, banks and technology saw positive movement. With overnight futures also climbing, the outlook remains bullish as we approach year-end.

Today is the day we find out who will be the next U.S. President: Trump or Harris. Historically, markets tend to have a bearish bias leading up to elections, followed by a bullish trend post-election. As a non-U.S. resident, my focus remains on market movements rather than the candidates themselves. I went flat last Friday and plan to resume trading from Wednesday, with expectations for bullish activity through year-end.

As we wrap up one week and gear up for the next, we’re poised for explosive trading potential. With Tuesday’s election around the corner, expect wild price swings. Political uncertainty often leads to a corrective dip, followed by a bullish rally as clarity emerges. I’m starting the week flat but eager to find opportunities based on this premise.

Market Movement: A bearish breakout aligns with expectations, but caution is advised ahead of Friday’s Non-Farm Payroll (NFP) figures and Tuesday’s U.S. Presidential election results.