When you corner an animal, he gets desperate and will do just about anything. When you corner criminal politicians who are losing power, they will try a coup.
Now as incompetent as Trump and the Criminals are (Make America Rake Again) that doesn't mean they are not going to try it. A clear evidence is the current Pentagon changes, putting loyalist into key positions.
But anyhow, this is actually a prediction thread although I am posting under Politics, and I actually hope I am going to be wrong. Unfortunately, they are pretty predictable (not going to concede ever) with their actions.
So assuming I am right, how does this effect you as a trader? Once the market realizes that there is no peaceful transition of power, it is going to tank hard. How hard? A 2000 Dow points is a given. let's throw in a little TA, and the gap from 2 weeks ago will be filled. That is around 27000 Dow or 3310 SPX.
What time frame are we talking about here? It may take a long time (weeks) for the market to realize what is going on, but in the week of Dec 8-14, it should be clear eventually, Trump is not giving up power without a possible military fight.
Dec 8th is the deadline to resolve the disputes on the state level, and Dec 14th is when the electors vote.
— Dec. 8 is the deadline for resolving election disputes at the state level. All state recounts and court contests over presidential election results are to be completed by this date.
— Dec. 14: Electors vote by paper ballot in their respective states and the District of Columbia. Thirty-three states and D.C. have laws or party regulations requiring electors to vote the same way the popular vote goes in the state, and in some states, electors can even be replaced or subjected to penalties, according to the Congressional Research Service. The votes for president and vice president are counted and the electors sign six “Certificates of the Vote.” The certificates, along with other official papers, are sent by registered mail to various officials, including the president of the Senate.
— Dec. 23: The certificates must be delivered to the designated officials. If they are not delivered, the law provides alternative avenues for getting the results to Washington.
TL;DR: SPX to 3310 by Dec 14th.
The train is coming baby