S&P500 MOVES SIMILAR TO 2016 US PRESIDENTIAL ELECTION

Looking at the S&P500 monthly chart, it is observed that the recent price actions of index is similar to price actions before the last 2 US presidential election. In 2012 made a new high before Nov, 2012 elections, then re-test the support level during the election and later continue to rally up. Similar price actions is seen during 2016 election. Now in 2020, S&P500 has recently created a new high, will the support level 3227 be re-tested & after elections stocks will continue to rally???

N.B
- Let emotions and sentiments work for you
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