SPDR S&P 500 ETF TRUST
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SPY S&P 500 ETF Bullish Ahead of Midterm Elections

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Wasn`t it strange to see META losing 25% and AMZN 20% in one week, yet the SPX S&P 500 still being bullish?! :)
I told you in the previews chart, because of the Midterm Elections:
SPY S&p 500 ETF and the Midterm Elections


In every country is the same, politicians in power try to keep the markets optimistic ahead of elections to get more votes, because the economy is doing great thanks to them.
I wouldn`t be surprised to see the SPY S&P 500 ETF touch the psychological price of $400 days before the vote, while televisions talk about a potential reversal.
So we still have 8 days of unexpected bullish market while the earnings of the companies reporting are lower.

And don`t get frustrated to see that this was another bear market rally and the SPY will touch the $338 Pre-Lockdown level before Christmas.

Looking forward to read your opinion about it!

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