If you're holding a long position, consider securing some profits by closing a portion now. Currently, Trump seems capped around 190 votes, while Harris maintains a path to at least 230 votes. As the vote tally progresses, expect the margin between Harris and Trump to tighten gradually, reflecting a shifting dynamic in the ongoing count.
The market is experiencing heightened volatility, which comes with significant risk. The sentiment remains consistent; with voting still in process, the chance of positive developments flipping to negative remains substantial. Although the recent surge has exceeded expectations slightly, it’s important to approach this cautiously. Even if Trump secures the election, any rally in the market will likely be short-lived. Furthermore, there’s a noticeable decline on the hourly chart that traders should watch closely, as it might indicate an impending corrective phase.
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