The election is over.
The market had a relief rally following the election.
The ECB is providing us with their announcement Thursday.
There’s a phony jobs number on Friday.
What does all this mean?
Nothing. Expect the market to begin to correct and volatility to pick up anytime between now and early next week.
Whoever was going to buy the market over the last couple of weeks has done so. There aren’t many professionals who will allocate capital up here at these levels.
As soon as the last member of the general public is in, that will mark the near term top and subsequent decline to correct the most recent rally that began October 15.
For a quick and dirty common sense analysis of the stock market, gold market and oil market, tune into the video below: