Wave 1 suggests investment may stall around 2600-2742.5 for end of wave 5, however if not worn out already may breakout even further.
i thought it would be interesting to see if markets correlate or react differently with a switch of party (R-D, D-R)
Prior to the 07-08 mortgage crisis is highlighted with the light colored rectangle. Nothing conclusive yet, however the argument for a bull flag from early 90s-early 2000's, down to the corrective low of wave c in early 2009, back up to present day could be made
However, there is far more at play than just the party in charge that determines markets! 1980's laid a great foundation. were just food for thought :-)
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.