A huge opening gap-up for the stock market on Wednesday with NQ opening with about 400 points up, in anticipation of Joe Biden victory in the presidential election and his huge money-printing scheme.
With Joe Biden now almost certain to win we should see continual rally on Thursday as short bets (those betting on Trump victory with less money printing) needs to cover.
Key price inflection zone for NQ on Thursday will be at 11,750. Bullish above it. A break below, although a less likely possibility, implies a larger pullback down, with the next lower support at 11,620
Gold price chart
