The vwap area should produce a strong bounce after a bottoming period. People think that it's going to collapse and crash and it's not. Until the banking system is burning you're not going to see that and that's not coming till years from now

Red again tonight The vwap of the March low is sitting at 7470 S1 is sitting at 7460 It sometimes can spill a bit below before ultimately holding https://t.co/6cH0H8r63B

The Democrat sweep was predictable all because people think that this is going to do anything about the cost of living that's been going up for decades and oil It's not it's going to get worse as it always has. Just wait till gridlock higher taxes and tech controls start taking hold with all our current problems. The market will rally and eventually go to new all-time highs towards at least 12,000 but the economy will be getting worse In 2 years when the current Victor's tonight do nothing it will all be reversed Same as in Europe the last acts of a collapsing Empire. Desperate people do desperate things in their last hours

2hr and daily charts are bearish. So weak at least till the the election tmrw.. but chance for a turn there. apple reports tonight. has a bearish daily pivot but is holding above the 50dma

the vwap remains roughly the same. At 7585 today which is the open gap. A drop to there gives us a=c at 7730 up to 1.618 at 7815

Ascsending wedge tonight on the 5-minute chart looks complete and price has broken down out of it RSI divergence on the 5-minute chart as well

My prediction about the election Democrats will probably take the house and the Senate This will mean gridlock taxes and technology controls. This week the market should bounce with a completed ABC but the sell-off should continue afterwards as the market will not like that

My prediction is that anybody who voted Democrat or at least the people that in the middle but ended up voting Democrat Are going to regret their decision when a grenade blows up in their faces with the economy jobs gridlock tech controls The weekly charts have only begun to turn down

If we get a retrace tomorrow the vwap of the recent low from Friday is 7570

Now that I had time to look at the charts... EW idea to keep in mind in the coming bounce in the days after the election. As I have been saying for weeks, 1. Breadth was very bad. 2. Weekly charts were bearish. Today weekly charts for SPX QQQ MAGS TOPT XLK are all bearish. (VIX weekly is bullish). Unless price reverses and recovers these, we are going down to eoy. We closed the week at the weekly R2 7580 y'day from the Oct 6th top you see a completed abc, with a=c at S1 This could be A Daily and weekly pivots are at 7685 so price will want to get at least there in a B bounce (if not higher) if higher, the .618-718 area is a target 7725-7775. This would close the fvg at 7700 Another abc with a=c would target C at S2 around 7400 which is the h&s target area and just under the 7480 vwap. vwaps/std devs below are 7150 area and 6850 area