SP500 Spikes After Treading Water In Early Trade – Long Position Suggested

U.S. stocks rallied after struggling to find direction in early trading, as Americans cast their ballots amid polls showing Hillary Clinton ahead of Donald Trump in the race to the White House.

The S&P 500 Index has risen nearly 0.6% on the day, set for its biggest back-to-back gain since June. Investors were awaiting the outcome of a tight U.S. presidential race. Polls will begin to close at 00:00 GMT on Wednesday, with the first meaningful results due about an hour later. The winner will be officially announced on the U.S. television networks a few hours later.

Updating the polls, Bloomberg reported that a provider of real-time analysis of voter turnout estimates that Clinton has earned more early votes than Trump in battleground states including Florida, Iowa and Nevada.

Trade suggestion

Buy Stop at 2145.00, take profit at 2155.00, stop loss at 2135.00

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