Is there a US Election month pattern? US Federal elections are always on the first Tuesday following the first Monday in November. This year election day is tomorrow, Tuesday 11/8. Statistically speaking November is a bullish month for US equities. As you can see here on the VTI 1month chart for the past dozen years, 10 out of 11 times November has closed with a green candlestick. Will this November 2022 become 11 out of 12 green monthly candlesticks? If so, that would mean VTI would have to close above $196 by the end of this month. Only time will tell for certain, but probability wise, November has a high probability for having a bullish end result.
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@ArtfulDodger1974 cpi surprise down market rockets, cpi surprise up market tanks. It's probably that simple tomorrow. lol
Options360
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@ArtfulDodger1974 well I knew BTC major FibSMA 14K and ETH major FibSMA $800. So I'm not surprised I knew it was a probability at some point. But how it's going that way was a surprise. FTX is toasted.
cyberluck
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Ok so for the sake of EW technicals....we had 5 waves down for A, now we're within B wave.....this is scary because A I think was with an extension already correct? how much can we retrace with a weak B....then C wave? and if A was standard length (have to look back) C will slam us down into mid 2k? All we need right now is Putin and Xi to partner up even more and decide this is the best time with the BRICKS support to declare war against the west....wait...it's already happening, since they are all afraid to send nukes over, they are killing our economy by holding back the resources the entire world needs, US has 23? days of diesel left, transportation of food, resources etc runs on diesel people..now who's in charge, not us...not the one who sprints stupid green paper but those who have oil, gas and pesticides. China, Russia and the middle east. US and Europe are dumb to think we can control them with the dollar, and it doesn't matter if it's the republicans or democrats, those parties are too busy lying, stealing and conning on both ends to make the right decision for our nation, that has been obvious for decades now....as the world we're all in a major trouble people.