S&P 500 - Emini futures - 5th August 2018 Monthly Report

S&P 500 Primary & Weekly cycles

Still Bullish for a couple more years - Target - 3076

A few minor resistance points in August - @ 2883 & August highs.

Trend remains up, as long as it remains above the Weekly lows @ 2804 in August.

Long term Support @ 2743 (monthly levels)

S&P 500 Chart

         Obama v Trump – Stock Market analysis

·         Obama is elected and market drops 27%
·         Takes 9 months to get back to the level when Obama was first elected
·         Takes 5 years to get back to Bush’s highs
·         Obama’s market is 33% from when it takes out the old highs and to when trump is elected.

·         Trump is elected and market rallies
·         First 9 months and it has risen 16%
·         First 20 months and it has risen 35%

And there’s still more upside to go…