An ES up over 50 points. An NQ up over 200. It was an absolute mauling of the bears today, .as the bulls celebrated – – umm – – the Democrats taking over the House? I guess that was it. In any case, fear absolutely left the building, as shown by the VIX;
As for me, I’ve seen about 35% of my profits from October’s selloff get torched. Considering that the Dow Industrials have gone up OVER TWO THOUSAND POINTS in just EIGHT trading days, I am not hanging my head with shame. But we’re getting close to some “make or break” marks on the ES.