This call is based on yesterday's key reversal and the confirmed swing today. I don't want to make this too complicated because as you can see Trump left Biden arrived but one thing is not changing : and this is the stock market rally.
Will it last forever ? Of course not . Biden will end this bull market in a year. But until that let's enjoy free money.
Notice how the RSI tagged the oversold territory first time since october.
I will stop out the position if we drop below yesterday's low.
Note
EurUsd reversed at the 200 SMA , as I noted yesterday. Stocks can rally much easier with a weaker dollar.
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