Futures are off modestly on a slow news day as investors continue to game out how the election will affect their portfolios.

continued for members…

ES broke below the latest fan line, but has done this so many times over the past month, only to backtest a higher value. We won’t be surprised if it does it a few more times between now and election day.

VIX should see a bearish (bullish for stocks) 10/20 cross in a day or two.

And, EURUSD is close to a bounce.Even USDJPY has at least a little more upside – supportive of stocks. DXY’s breakout above the SMA200 looks to be failing. GC has reached the channel midline which has halted several prior rallies.And, SI has reached an important channel top and Fib level at our next upside target. Oil and gas are still behaving themselves, with CL showing at least a little more downside……and RB meandering near its multi-month lows. It hasn’t mattered to TNX, which is showing a slight breakout.

GLTA