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We will have a rally from Friday until the Wednesday before Thanksgiving. Maybe.

We will have a rally from Friday until the Wednesday before Thanksgiving. Maybe.

I know history doesn't always repeat but looking at the charts seems a little too coincidental. First Thanksgiving 2019:

https://preview.redd.it/vjrq82j129z71.png?width=1200&format=png&auto=webp&s=c2324a4a012c89edff0949fb57baa3e25fab42f4

Then Thanksgiving 2020:

https://preview.redd.it/rk7a5x3329z71.png?width=1200&format=png&auto=webp&s=8b2f5546445c003de7877ee3e37a99f227541c4b

And right now:

https://preview.redd.it/q3olp8a729z71.png?width=763&format=png&auto=webp&s=44a2335555b2fa820de6bffe8a7eb518e4562381

It "seems" we had the same spike today that was observed in the prior two years. If things do repeat we are going to have a bump next Monday followed by some down days, then starting Friday rally to a new high. In 2019 from Friday until the Wednesday before Thanksgiving SPY gained $5. In 2020 for the same period it gained $7.

I'm gonna sell my SPY calls I held over the weekend on Monday and get back in on Thursday. I've made worse decisions on less information so YOLO.

submitted by /u/ADynes
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