SPY Could be forming Head and Shoulders- ELECTION EFFECT
We really never know what the market will do, but if we have a tentative plan on what we think it may do using technical analysis, previous price action, and intuition. Then if the market performs the way we "asked " it to we are more likely to trade our plan. So here is possible scenario which ironically falls just before the election. historically the market has done poorly when a president is leaving office after 2 terms. These 2 trend lines date back to 2011 and if broke could mean more bearish than bullish.
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