Yearly view of SPX
Analysis based on yearly pivots, says to us that the drawdown on SPX is impulsive and it may continue till monthly S4 or it even might bounce from here, before the new president takes office and rally, since this is a prosper year, it will probably be double digits.
The main event to watch out here is the inauguration rally, which will be "explosive", if the new president will want to sink it first, then "save" it later, it will probably dip even further, however the market will love the energy of the recovery.
Things to watch out for: God forbid something happens to the new president and the inauguration gets delayed!
One more thing, there's a prophecy been made by someone who has been right several times in a row, as follows: "Soon after Trump takes power, a great economic crash will follow". - which goes in line with the Trump rhetoric that Biden is leaving him a mountain full of debt.
The main event to watch out here is the inauguration rally, which will be "explosive", if the new president will want to sink it first, then "save" it later, it will probably dip even further, however the market will love the energy of the recovery.
Things to watch out for: God forbid something happens to the new president and the inauguration gets delayed!
One more thing, there's a prophecy been made by someone who has been right several times in a row, as follows: "Soon after Trump takes power, a great economic crash will follow". - which goes in line with the Trump rhetoric that Biden is leaving him a mountain full of debt.
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