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Usmidtermelections

$DOGE - Hit the SACKHello my Fellow TraderZ, I just hope you all are doing well with the PUMPA - DUMPA scenario of the market. Just be cautious with your trade. After all the CZ-SBF drama we are now left with the US mid - term elections & FED Meeting on 10th of NOV. If these two go well, we will see some fresh & green market by the CHRISTMAS. Well congrats to those who saw my analysis regarding $DOGE and SHORT the price, was a clear 26% decline. Market not looking good at all. Also it has been a record that post mid-term elections in US, traditional market declined harder - this is one of the scenarios which is also keep in mind. So before taking any further Trade, be calm and composed. RUSH to be avoided. CHEERS!!!
by TRADER-GOKU
1
U.S. elections: + 11.57%. Don't miss this buy opportunity.This chart illustrates the performance of the S&P500 index after each mid-term elections in the United States. We can see that since 1950, in the past 17 elections, the S&P has grown in the months that followed in 16 of these occasions. The only exception was after November 2002, when the index suffered -17.62% losses in the months that followed. The rest of the bullish sequences gave on average of +32.84%. If this time the S&P follows this pattern (+32.84%), then we get a projected target of 3,720. This is of course less realistic as this average takes into account periods (before 1998-2000) that the market was very different and less complex than it is today. It is safer therefore to calculate the average since 2006, a period not too far ago, much more similar to how we know the market today. So the past three post elections gains gave an average +11.47%. This is good news for long term investors, who can now safely go long on U.S. stocks. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
SP:SPXLong
by InvestingScope
3