Maybe they will actually try to make it work for a bit. It will be very bearish in the short-term, and work into a larger decline with the rate hike coming in the December FOMC. But there are all sorts of support levels on the chart now, so we might as well use them.
Tomorrow morning, expecting that we will bounce off the 200DMA SPX and rally into Election Day this Tuesday. A Trump win confirms the bear and starts chopping us lower to a bottom around 1980 SPX the week of Thanksgiving.
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| SPX 1Y |
The larger drama plays out through 2017 and into 2018. Not having World War III is actually comparatively quite bullish. Final low at the long-term trendline from 1987 (year).
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| SPX 5Y |
It is all cool--this post along with the recent court ruling in the UK confirms:
ReplyDeletehttps://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/if-voting-changed-government-it-would-be-made-illegal/
Seasonality wise this is better. We can't have too steep a sell off in December statistically. Better to have in November from an odds perspective.
ReplyDeleteDJT signaling a face ripper into the election?
ReplyDeleteThey're going to slather as much lipstick on this pig as they can.
ReplyDeleteLook for gas prices to drop like a rock, only to scream higher after the election.
ReplyDeletethink we set up for a major rally starting next week after hrc take the election. she will intro a mega infrastructure spending bill that will liff the economy to new heights. if you think stocks are high now, wait a year and see how much higher they'll be. sorry but the "crash of 16'" like the previous 7 will get pushed back to "next year" : ) LOL
ReplyDeletere Not having World War III is actually comparatively quite bullish.
ReplyDelete-
Yes... indeed :)
yours... awaiting the Trump victory.
Walked through the rain to file my Trump vote in Ballard this morning. How is that for personal agency?
ReplyDelete18 year old (stupid) me, walked a pretty good clip to cast my first ever vote for BILL CLINTON!! Sigh. Oh well, GHWB wasn't exactly a prize either.
ReplyDeleteexpecting a big hrc victory rally,,, could start seeing it tomorrow too. sorry Donald : ) and julian lol
ReplyDeleteIf HRC wins it will be due to voter/election fraud
ReplyDeletehttp://pamelageller.com/2016/11/clinton-underground-child-sex-scandal-part-1.html/
The Tom McClellan calls it for Trump.
ReplyDelete"DJT signaling a face ripper into the election?" Yep!
ReplyDeletelooks like mr mkt knows who the winner is. s&p heading to 3k. get ready for a couple of firsts, women president and dji 19k! : )
ReplyDeleteFutures predicting a Trump win?
ReplyDeleteI'm not watching tee vee tonight.
ReplyDeleteI'm watching /es.
Go Trump, go!!!!!!