Let's look at the price action following a US Presidential election day in recent years. We examine the past 4 elections, held every 4 years.
2020 - No winner yet declared (today)
2016 - Donald Trump, Republican
2012 - Barack Obama, Democrat
2008 - Barack Obama, Democrat
2004 - George W. Bush, Republican
Day - Wednesday
Opening Gap Direction - N/A
Market Status - Day after US President Election
Instrument - ES
Trading SetUp - N/A
Market Trend - Weak Bull
Trade Type - N/A
Entry - 9:30 am ET (Market Open)
Exit - 4:15 pm ET (Market Close)
Note: Most tests/studies are done going long using Future Indices. This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments. Make your comments and ask your questions below.
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