With the election date now set, A few thoughts on November.
Markets dislike uncertainty and a so a move lower into election time is pretty normal although it doesn't have to start yet.
Firstly I have mentioned before the potential "crash" date around Nov 8th.
Crash dates can be the ultimate low but mostly are just the bulk of the move followed by a bounce and then a grind a bit lower to THE bottom.
Three other dates of significance are firstly 11/11/87.
That was the ultimate low after the crash although the market based into Feb.
Then there is 16/11/92. I consider this date as the end of wave 4.
That will be 15 years or 180 months. We have seen how important 90 months has been and it gave us the July tops right on cue as it it did for 1937 etc.
Then of course is 23/11/94 which is the day before the election.
This also based into Feb and produced a huge upward move into 2000/2.
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