
As the U.S. election results approached, the E-mini S&P 500 futures (ES_F) exhibited bullish momentum, with traders noting significant market movements. On November 6, the market experienced a short-covering rally, clearing intraday targets and forming a four-day balance. The daily trading range was reported to be 2.5 times the average, indicating heightened volatility. By November 7, the market reached a new all-time high (ATH) of 5967, surpassing the previous ATH of 5927. Analysts highlighted resistance levels around 5900 and noted a bullish bias in the market, with expectations of further upside potential as the trading session progressed. The market's bullish imbalance was emphasized, suggesting a strong upward trend in the near term.
















