SPY Chart 1D Looking For Clarity

Over the last few days, we've seen a massive run up in the equity markets. This has been fueled by a potential "nirvana" situation for the stock market with a D-House, R-Senate, D-President.

However, Trump is clearly going to fight this and take this to court, which could take months. This could apply pressure on the markets as we become unsure of who our next President could be.

We also have coronavirus concerns as well that could put pressure on the market.

We've got a lot of gaps to fill but not much room above our heads to work with. I'll be looking for the market to fill the gaps over the next few days.

I do not want to see the candles begin to respect our downward grey trend. We've had a few touches on our gaps but nothing to convince me we are going to honor this over the other trendlines first.

There are also bullish cases as well, If we get stimulus news or heat of election dies down, the buying may continue. In that case I would be looking for strong buying volume at the triangle upper resistance level regain upper horizontal support.SPY