SPX retraced from the ascending resistance line as expected. Friday's PA points to a small chance of a bounce toward the all-time high before the midterm election.

Technical

On the downside, 7.58K is the first support.

For the bounce to materialize, both NDX and NQ must break above their descending trendlines. Otherwise, the path of least resistance for U.S. equities remains to the downside.

ES resolved the compressing wedge lower. Similar to SPX, there is a small chance of a bounce toward the all-time high before the midterm election.

On the downside, 7.63K is the first support.