S&P 500 Index Still Bullish Before Elections, Drops After

٢٤ أكتوبر ٢٠٢٠

The S&P 500 Index (SPX) is still bullish and now back above EMA10.

Remember the scenario where we looked at a bullish SPX as a bullish signal for the Trump presidency?

• If the market is green, which it is now, the higher the chances for the incumbent party to win.
  
• If the market is red, then higher chances for the incumbent to lose.
  

We are seeing the SPX still GREEN and the elections are held on November 3.

Regardless of who wins the election... We will see the SPX crash after...

What's your take?

Namaste.