ES1!7,636.50 rebounded overnight to retest key resistance at 7,660 from below and has stalled precisely at the level I gave the other day. NQ1!28,697.00 is testing a similar resistance line around 28850.

The market has bounced a little from Friday's bloodshed. Friday's levels are pivotal, as several key assets and indices tested their respective support that day.

AAPL344.63 and PLTR184.11 report after the close today, and the election is tomorrow, with a Democratic sweep expected. Price action over the next few sessions will be particularly important in deciding the path forward.

Bonds have rebounded sharply from the swing low where I called for a rebound.

https://www.meridianresearch.app/highlights/share/01178b52-47ed-41e9-b695-bc26fa8d11c4?v=20261007-reference-excerpts&tz=America%2FNew_York

I expect this rally to end in the coming weeks if not days. Once it does, we should see the positive correlation between oil and yields resume, putting further pressure on equities.

Given the overall technicals, if the market can't rally over the next few sessions, it will become exponentially harder to keep it from entering a bear market.