I told you so!
This is a follow up to a post titled "IT RHYMES" (which had no replies besides my own "talking to myself ) and was a:
A NOV 13th POST THAT WAS A FOLLOWUP TO A NOV 6th POST
It is said history may not repeat so much as it rhymes.
Repeats, rhymes, whatever. This time looks more like a repeat.
The chart below featuring the Nasdaq Comp (the heavy green line with the diamond) shows the market action pre-election and the reaction since in comparison to the Brexit sell-off in June (the plunge on the left). Note the one-day dips before the next big run in both instances (the darker green circles) -- yeah, at least a rhyme.
In other words, said it was coming and now here it is.
And my simple master chart with the 40 sells again on my nifty-fifty stock list so obvious once again:
:
If I had to guess now I'd guess today was a blow off to the upside for the moment, might get another day or two if it desperately wants to blow some more but more likely a dip any minute or at least soon before more to the upside, continuing the "rhyme" with the post-Brexit rally.
Good luck and good trading.