Post-Election: Profits on the Horizon! | SPX Market Analysis 7th Nov 2024

Ahoy there Trader! ‍‍⚓️

It’s Phil…

The post-election seas are looking bullish, and I’m excited to chart our course through these lucrative waters! With strong indicators pointing toward positive market movements, let’s dive into today’s trading strategy.


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In this new post-election world, we can confidently anticipate a bullish trend extending right to the end of the year—and likely well into the next! I meant to share my thoughts in yesterday’s email/blog, but alas, the send button eluded me. Fear not! You can catch up by reading my blog and watching the video update on my expectations for the next few months.

For today’s trading plan, I’m laser-focused on bullish opportunities. After yesterday’s substantial gap up, I’ve decided to hold off on entering right away. I prefer to wait for a pause or correction to join the fun without jumping the gun.

I’m eyeing the 5825/50 level as a potential bullish reversal zone, assuming we reach it. If history serves us well, we can expect strong post-election market performance for the next 3-6 months, a theme I’ve previously explored in my blog posts and emails.

Later today, we’ve got some FOMC shenanigans that could rattle the market. Either way, it feels like normal business has resumed, and I’m ready to seize the day!

 


Fun Fact

Did you know that the stock market historically tends to perform better in election years? On average, the S&P 500 has gained around 6% in such years, driven by investor optimism and government stability!


 

Happy trading,

Phil

Less Brain More Gain

…and may your trades be smoother than a cashmere codpiece

 


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