Massive buying programs by the Fed that started on Sunday night continue into Monday and very likely to continue non-stop into Tuesday in order to help elect Hillary Clinton. A Trump presidency is not a risk the Wall Street bankers is willing to take.
For NQ key resistance on Tuesday will be 4800 price zone. It is where both the 50-DMA and the 20-DMA on the daily chart resides, and they are acting as resistance with price currently trading below them.
-- Failure to clearly break above 4800 is likely to attract sellers that could overwhelm the fed best effort.
-- A clear break above 4800 could trigger some short-covering.
With the market fully pricing in Hillary Clinton's win, look for potential massive selling to occurs if in fact Trump would win. Expect the unexpected.
