It’s the final week before the critical US presidential election and there’s no shortage of important data ahead as well: consumer confidence tomorrow, GDP on Wednesday, initial claims, personal income and PCE on Thursday, and NFP and ISM manufacturing on Friday. To make things interesting, the Fed meets next week as well.

Meanwhile, ES’ backtest keeps ticking higher even as the warning signs mount.

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SPX still maintains a perfectly formed rising wedge even as its SMA10 slope turns negative.

VIX is keeping stocks afloat by sticking with its SMA10. As we mentioned last week, EURUSD is getting at least a short-term bounce……while USDJPY is breaking out.

And, importantly, CL has broken down below its litte red TL after the latest news from the Middle East was less incendiary than expected. This helps put the brakes on the 10Y and keeps the 2s10s within its own rising wedge.