Market Sentiment Post-Election

The discussion highlights a significant post-election rally in the NASDAQ composite, showcasing strong price action since the recent election. Initially experiencing a euphoric overextension, the market then stabilized, finding support at the 21-day exponential moving average. This pullback, referred to as a 'hangover', appears to have been brief, allowing for the market to retain the majority of its gains, which is indicative of positive sentiment entering the year-end. As the best election year on record is becoming evident, the focus is now on maintaining a strong finish as seasonal trends typically favor upward movement in the coming months.