The decline has not a single thing to do with an election & would remain the same market cycle at this point regardless of whichever government was in power - look around the globe & the impacting factors.
FWIW if US fails to pull up from here though & plays the decline following the recent break my target for XJO/XAO would be around 3,900.....
That's only my view in reply to your post though & not claiming that the decline is confoirmed to take place from this point.....
