Weekly Technical Update: Nasdaq 100 - Sunday, Nov. 10

The markets raced higher on Tuesday -- and while some credit the Republican wins for the rally, I'm personally giving more credit to seasonal factors.

Tasty cake with flag on bunch of paper dollars

Image Source: Pexels

U.S. elections are complete, with the results producing as much division across the states as the lead-up to the elections created. Nonetheless, the Presidency and the U.S. Senate are now in the hands of the Republicans, while the House of Representatives remains unknown for a bit longer.

The equity markets started to race higher on Tuesday during the elections -- and while some credit the Republican wins for the rally, I'm personally giving more credit to the seasonal factors that continued to signal that a strong rally would begin in November.

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