S&P 500, from a different view
S&P 500, from a different view
CME_MINI:ES1!
A contested election will likely send us sideways and further into the current wedge but with little predictable volatility .
Biden win could break us down and accelerate the wedge , giving the index an intra-week target of 2850.
Trump win could also send us sideways and further into the current wedge , with the next likely move being to the resistance at 3500. Ultimately leaving open the case for a bull flag , with a conservative target of 4000 for August 2021.