There are only 12 more trading days left in October.
I'm just hoping that today's low 3491 holds.
If it does than it wouldn't be as bad as the worse possible scenario of sub 3300.
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The 21st "trading" day of October is the best time to jump in historically. .... historically... today's conditions are a little different but history rhymes.
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Looking at very large picture, two fib levels fro 2009 low and 2020 low to ATH overlap around 320 and down at 270, also trandlines and support from 2019/2020, would love to see us at least to 320 this year but that depends on if the institutions want dems in senate or not…
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Hope so, I was looking at this historical chart, check out red line, 2nd year new dem president scenario, this year followed it pretty close, I am hoping that sell off into end of October was just what we had today, but will stay careful into next week, financials tomorrow 😳
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I'm hoping it doesn't hold. be better to flush it out now rather than whip sawing around and breaking hard next qtr 😜
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