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.

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