SPI Primary & Weekly Cycles
The only concern would be if price dips and finds support around 2109 but the next 5-days the market moves sideways. if that happens then there could be some weakness in the week of the 10th October. (Previous US S&P 500 Report )
Selling hit the market in the week from the 10th October going into the US election.
I continue to be bullish no matter who wins the Election on Tuesday, which is part of the 2016 lows and expectation the trend is heading towards the 2017 highs.
Therefore the November lows and the 4th Quarter level is seen as a major trend guide and support level for 2016 @ 5171 & the November lows @ 5128
