I guess the market participants are gauging the trend of the voters who is going to get the majority votes because of the closed contest.
And this chart shows that by the time (around 11:30 am. E.T.) the market rallied, seems the participants had the idea who's going to win.
Let's just wait and see by night time!
For the trade today, I call it the Presidential Election Trade Setup.
Buying at the settlement price when the MA's shows confirmation (arrow) for a long trade.
Exit the trade within the R2 level is the best trade for today considering the market is looking for a certain direction.
No need to wait for the whole market session for it might turn volatile at the latter part because of the election.
Trade safely!
