S&P500 E-mini Futures 29th October 2018

S&P 500 Primary Cycles

As a continuation from the previous post, the S&P 500 has struggled to move back above 2824 and is selling off into the close of the month.

I still continue to be Bullish, and if I'm correct it should find support around the 2018 50% level, the November lows (NEXT WEEK) and then move up into new highs into 2020.

However, if I'm wrong and we can see the 2019 50% level is now above price (BEARISH)  the

 S&P 500 will go looking for a 50% retracement towards 2060.

A 'Crash', as many are calling will often go looking for a 50%  retracement - 2060 is the target.

S&P 500 E-mini Futures 13th October 2018

S&P Primary & Weekly Cycles

Break of Support levels (Weekly lows) and the market shot straight down into its 3-month lows, which is the exact same pattern as Febraury earlier this year.

I'm still remain bullish up towards 2020-21 based on the patterns within  the Primary Cycles.

However, it might struggle to get back above the Yearly highs @ 2824 & October 50% level @ 2854 for the rest of this month and most of November.