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

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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Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

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