ES one to watch E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! austrian_trader Whether you're doing the continuous contract or the December contract, lots of technical warning signs here. We aren't beearish or bullish just yet in the near term--look either for a collapse under the 50dma and a close underneath the rising wedge pattern ES has made on the weekly chart before rolling short or a breakout and defense of the upper trendline of that same wedge to validate the pattern. Election uncertainty may play a big role in sentiment shifts--a contested election could drive us back to the 200dma or possibly lower if all hopes of any stimulus are crushed as valuations don't support these lofty levels...on the flipside a clear cut winner be it Trump or Biden (or Jo! lol) will probably goose markets higher as the "worst case" scenario is avoided.