Dear readers, Notwithstanding most experts’ dire predictions that Dow may plunge as much as 10% on Trump’s win, Dow closed at a record high AFTER Trump’s win! Read on for more. S&P500 Index Just to recap what I have mentioned on 28 Oct 2016 (see HERE), I wrote “S&P500 closed below 100D EMA (currently 2,136) yesterday. As mentioned previously, S&P500 has not closed below its 100D EMA for three consecutive trading days since 1 Mar 2016. Thus, the price action around its 100D EMA is worth watching. After forming a death cross, 21D EMA is moving apart from 50D EMA which is another negative trait. A more alarming factor is that, amid negative placed DIs, ADX has risen from 27 on 14 Oct 2016 to 29 on 28 Oct 2016, indicative of a trend. A sustained break below 2,120, followed by a break below its 200D EMA (currently ......