If you don’t like the headlines, just wait. Sure enough, someone in the White House noticed the market wasn’t so keen on breaking off stimulus talks, and Trump followed up with a great big JK before the overnight session continued the carnage of the last hour of trading.

The breakout which became a breakdown is, again, threatening to break out.

continued for members…I’m short on time this morning, so will post these charts and come back with some commentary later.

Even though ES is just now threatening a breakout…

…SPX is already well on its way as long as we open in the green.Is it kosher? Of course not. But, it will surprise no one that the White House will do whatever it takes to keep the DJIA near all-time highs – especially with polls going against them and the economy being the one metric by which Trump is still doing well.  Even though many Americans are still doing quite poorly, their plight isn’t reflected in the Dow. The levitating tool du jour.  USDJPY has broken above the fan line from March’s lows which had been fairly convincing resistance until last night. The prospect of stimulus saved GC and SI from a breakdown – at least for now. Both are still very much on the bubble. ZN is as well, clinging to Fib and horizontal support. CL and RB are under pressure from the realization that the reopen trade isn’t all that certain – especially with infection rates on the rise worldwide and seasonality working against them.  And, then there’s VIX – which has been swatted back down a tenth time since Sep 17 whilst trying to top its SMA200.