What happend before and after Thanksgiving day!
In this analysis, I want to review S&P500 performance in the week before and after the past 11 years Thanksgivings!
2020: +2.58% gain before Thanksgiving and -1.37% drop after that!
2019: +1.16% gain before Thanksgiving and -2.64% drop after that!
2018: -3.68% drop before Thanksgiving and +4.96% after that.
2017:+0.68% gain followed by another 2% gain
2016: +0.84% gain followed by -1.17% decline!
2015: Neutral..!
2014: +0.4% gain followed by -1.26% drop!
2013: +0.26% gain followed by -1.9% decline!
2012: +3.57% followed by another 2% gain
2011: -4.69% decline followed by 7.62% gain
2010: 0.02% gain followed by -2% decline!
Conclusion: the most probable scenario is Neutral to Bullish in the next 3 days and a correction after the holidays!
In one of my previous analyses, I mentioned market does not like long weekends on September 2nd and we see a correction after Labors day..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
2020: +2.58% gain before Thanksgiving and -1.37% drop after that!
2019: +1.16% gain before Thanksgiving and -2.64% drop after that!
2018: -3.68% drop before Thanksgiving and +4.96% after that.
2017:+0.68% gain followed by another 2% gain
2016: +0.84% gain followed by -1.17% decline!
2015: Neutral..!
2014: +0.4% gain followed by -1.26% drop!
2013: +0.26% gain followed by -1.9% decline!
2012: +3.57% followed by another 2% gain
2011: -4.69% decline followed by 7.62% gain
2010: 0.02% gain followed by -2% decline!
Conclusion: the most probable scenario is Neutral to Bullish in the next 3 days and a correction after the holidays!
In one of my previous analyses, I mentioned market does not like long weekends on September 2nd and we see a correction after Labors day..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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The first day is correct so far!