ES Journal - 2023/2024

And now we throw in breadth thrusts. Here is one source but you can find others, including sentimentrader.com. Sure, it might be different this time but until something shows me otherwise, I'm gonna run with the bulls.

https://www.walterdeemer.com/bam.htm


formikatrading said:
I don't know where we will close 2023 BUT keep this in mind (According to Stock Trader's Almanac):

1) Pre-Presidential Election Year (i.e., 2023): Only 1 loser in 84 years.

2) The last 47 up First Five Days of the Year (which occurred on January 9 this year) were followed by gains for the year 83% of the time. So this in now in play.

3) Average gain in the DOW from mid-term election year low (i.e., 2022) to subsequent high the next year (i.e., 2023) is 46.8% on average (since 1914).

It's all probabilities but those are a few that are in play now.
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