S&P 500 Primary & Weekly Cycles
As you know I've been bullish on US markets with the expectation that the trends continue to move up into new highs until 2020-21.
This is based on the 2016 lows and then the trend continuing higher using the Primary cycles for an initial two years (2018 highs) and up to 4/5 years. (2020-21)
There's also a ton of good economic news coming out of the US that suggests the trend continue higher.
However, when we're looking at the Primary Cycles this trend can quickly change to the downside.
My expectation is...
1. A move downward and another retest of the 2018 50% & November lows, more than likely next week.
The trend then can go higher with the news that the Republicans take the House & Senate.
2. Market flat-lines into the end of the year and then the Bear market follows the Primary Cycle in 2019 and moves down to 100% of the range, as the first move.
3. Worse case scenario, 'Crash in 2018 to 100% of the range to 2060
