Stock market fractal, post-election year.
Have not done a market post in a while, but today was a sharp down day and all sorts of ST/IT trend signals have been broken. However I don't think it will be that easy and in particular I have been keeping my eye on a certain fractal that might indicate the future direction of the market. As with all fractals they can fail at anytime and their success can be just a mere coincidence . Still, as of now it appears that we are more or less following the yellow line. I have included the chart for your viewing pleasure.