Election Day is tomorrow - I expect the market to be thin with not a lot of participants. Any trading opportunity that may materialize may occur early in the session. Monday - we opened within the Spike i.e. "in balance" - auctioned lower - and found buyers and essentially had a rotational day until the late afternoon Spike. It appears as if the market got too short on Friday. My reference for tomorrow is the Spike from today. Resistance remains at 1416.75 area - which was a key level for both Thursday and Friday last week. Monday's profile shows a poor low, some anomalies and a POC/Vol POC that did not migrate higher - this lowers the odds of upside continuation. The 1400 level remains psychological support and I am aware that the 1393-94 area has not been tested in the regular pit session.
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