I was checking last elections on 2012, 2016 and 2020. Seems that there is a brief drop before elections each time (5% to 10%) in the overall S&P500 (SPX). This year, seems that drop is not meaningful yet. Regarthless, I think going defensive this week to be heavy in cash. Then buy back into the market if price hits 5400 previous to Dec. It it do, I'll buy back 25% of SPX and wait if the trend still going in the direction to hit ~5000. If it do, might be back fully invested into the market to hope for a bounce back up signal.
We can protect ourselves of a 10% loss if I get this one right OR we can miss 5% on profits if the trend keeps going up in Nov and Dec.
Messy chart but I put my resistances and trends in here.
Any thoughts?
We can protect ourselves of a 10% loss if I get this one right OR we can miss 5% on profits if the trend keeps going up in Nov and Dec.
Messy chart but I put my resistances and trends in here.
Any thoughts?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.