Like it or not, it really is this simple.

Some of you may not appreciate this chart, but we have to trade on facts not wishes. Right now (and it pains me to say this as a technical analyst), you can throw all your technicals out the window. The market is trading U.S. election results. That's it. Trump looks to be winning the popular vote by a large margin. Once the results are official and Trump is declared the winner, the rocket ships will fire up, take off, and may leave many traders in the smoke with FOMO. On the other hand, if there enters any doubt whatsoever that Trump will be the next POTUS, down we'll go.