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Today on Veterans Day, we express our gratitude for the service and selfless sacrifices of the brave men and women of the US Armed Forces and their families.
We salute you, we honor you, and we thank you for all that you do.
May God bless you and may God bless the USA.
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Bulls still hanging onto "19/19 post midterms market is up"?
I believe the stat is 12 months later it has been up 100% of the time.
That might comfort investors but it is useless statistics for traders.
No one talks about this stat
About 11.6% average (median ~10.3%) peak-to-trough drawdown during the 12 months after midterm Election Day (since 1950)
Know your timeframe and focus on price/risk mgt for that timeframe.
*these stats are from @grok I have not independantly verified them
$SPY
@LongTplexTrader The people you speak of may not even get the message even if it hits them in the face.
Here's a quote from one of my favorite movies, The Song of Bernadette.
"For those who believe, no explanation is necessary. For those who do not believe, no explanation will suffice."
Buyer's remorse?
While buyers were in control yesterday, sellers have clearly been in control during today's RTH session.
Here's the zoomed out view from the higher timeframe & putting things in perspective with Yearly VWAP. $ES is near yearly VWAP.
https://t.co/dfmpIBgb2R