In those years, December was just the fourth best month, with the S & P 500 rising 1.35% and gaining 68% of the time.
As the S & P 500 exits November, it is down about 17% this year.
The S & P 500 could mirror some of the other very negative years.
For instance, the S & P 500 was down 18.5% through November in 2002, and then bottomed in March 2003, gaining 26.4% that year.
Watching key levels In order to confirm a bullish cycle, Suttmeier said the S & P 500 needs to regain the 40-week moving average at 4,033.