Really challenging day among on the jubilent euphoria. The market seems really ahead of itself and end of day sell off was in order. We also look at predictit.org and the news on the presidential election and see that there is still additional uncertainty before any certification.
I have never seen that much divergence between E-mini S&P and E-mini Nasdaq point wise in that timeframe (after the Pfizer Coronavirus vaccine news).
The trading was tough overall as Gold Flash caught too many knives. It was surprising to see Gold drop 100 based on bullish Covid vaccine news from Pfizer.
We go over the trades as it was a down day in the wild intra-day chop. We look at the plus side and the shorts into the close that made some back.