S&P 500 E-MINI FUTURES - US STOCK MARKET 1ST NOVEMBER 2020

 

S&P 500 PRIMARY & WEEKLY CYCLES

COMING DOWN FROM THE 2020 HIGHS AND MOVING DOWN INTO THE NOVEMBER LOWS @3110

THE NOVEMBER 50% LEVEL MATCHES THE YEARLY HIGHS, SO THESE LEVELS ARE SEEN AS RESISTANCE - 3349-77 (EARLY NEXT WEEK)

WHO WINS THE ELECTION WILL DEFINE THE TREND.

A TRUMP WIN AND I'M SURE THE NOVEMBER LOWS WILL HOLD AT 3110 AND SWING BACK UP, POTENTIALLY GOING TO THE 2021 HIGHS IN THE 1ST QUARTER OF 2021

A BIDEN WIN HAS A LOT OF NEGATIVE POTENTIALS - RAISING TAXES / SHUTTING THE ECONOMY - BAD NEWS FOR THE MARKETS.

 BACK TO 3007

S&P 500 E-mini Futures 3rd October 2020

 

S&P 500 Primary & Weekly Cycles

With Trump going into Hospital with Covid-19 after Future Markets closed, it will be an interesting on open next week, and enough to spook the markets driving prices lower.

Looking at the price action, as it's also back under the 2020 highs of 3377,

I can only see weakness down into the October lows, matching the 50% level in the 4th Quarter at 3035. (SUPPORT)