Futures are slightly lower on the last day of a pretty impressive Q3 at +8.7%.Can the rally keep going in October?

continued for members…Note that ES has, by and large, held the July 16 highs. There are a handful of downside support levels, with two red channel bottoms to consider. SPX’s potential SMA50 pullback is looking less and less likely, lest the rising wedge break down.

Though it’s interesting that VIX failed to break down below its SMA200.Currencies are essentially flat this morning. Though NKD is making a bid to hold its SMA200. And, CL and RB are slightly higher… …nudging TNX higher even as the 2s10s continues to slump somewhat. Our expectation continues to be that stocks hold up through the election. But, October has a habit of surprising folks – and seldom in a positive way.

Stay tuned…