Global markets are experiencing mixed movements as investors process significant fluctuations following recent elections. The S&P 500 futures are currently up by 5 points, indicating a healthy market condition as the index approaches the 8-day moving average. Analysts suggest that as long as the SPY holds around the $594 mark, the bullish trend remains intact, with several promising setups in play. Some traders predict that the S&P 500 could test the $5960 level soon, with potential pullbacks leading to a range between $5940 and $5950. The market has seen a light pullback after a week of gains, which is viewed as a positive sign for a year-end rally. However, there are also concerns about potential consolidation in the 50-60 range, with a need for the index to surpass $6010 to maintain upward momentum. If a pullback occurs, the next support level is seen at $5880, with some analysts speculating that the index could drop to around $5760 by Thanksgiving.