Was the Post-Election Rally in the SPX in 2016 Visible?
On November 5, 2016, we made the following forecast:
The SPX is on the verge of a BIG rally, regardless of who is elected president. The rally should start no later than Wednesday, November 9. The SPX should bottom between 2083.79, yesterday’s intra-day low, and 2050, and then, stage a BIG post-election surge to a new all-time high, above the 2193.81 Aug. 15, 2016 high. Regardless of who wins the elections, the SPX will surge about 12% to 2300.