SPX Monthly-beginner level wave and fib forecast

First off I need to credit and thank Alessio Rastani at Leading Trader.com (LT) for the knowledge I've gained since late April (should have joined LT years ago). I have lost large sums of money over the years by having a "gamblers" mentality. Expecting the market to follow my hunches and beliefs versus actually understanding what is playing out on the charts. I've been consistently profitable since joining LT while trading much less.

My chart: going back to 2000 I looked at election years. Except this year and 2008 we see stable markets or strong rallies (blue boxes). 2020 has yet to play out. The Fed and Treasury are injecting liquidity at historic rates. The market is showing us so far that it agrees with this strategy.

Technically (reading, watching and following LT) i see a large wave 5 in it's beginning stages and the bull market from 2009 intact. I used fib extensions for up waves and 61.8 retracements for both major down waves. Down waves could be more shallow of course but deeper that 61.8 increases the likelihood that the bull trend breaks. Which in that case I would become more bearish and begin planning for a downtrend.

Please comment and provide opinions "for" and "against" so we can all learn and keep open minds to what we are seeing before taking risk.