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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.27

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Dec 26 4:00 PM EST

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To: Johnny Canuck who wrote (53295)	10/28/2020 12:37:54 PM
From: robert b furman	Read Replies (2) of 69256

Hi Johnny, I went back and studied the run up to the 2016 election regarding the price action of the S&P ( I had forgotten how it happened). The 2016 election was on November 8th (always on a Tuesday). The market went down for 7 straight days (a 2.5% decline). It reversed up on monday, Nov 7th, the day before the election day(markets are closed on election day). That single day the market regained 2.2% and continued to rally into February the next year. The Trump Bump was very powerful. I'm hoping for a red wave runaway result on tuesday, and put a quick end to this uncertainty that has been injected into this election with unsolicited mail in ballots. Bob

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