S&P 500 Technical Analysis – Rangebound price action amid election uncertainty ...Middle East

Fundamental OverviewThe S&P 500 continues to consolidate near the all-time high as the election uncertainty keeps a lid on further gains. The election is going to be a major event for the market with a red sweep seen as the most bullish scenario, while a blue sweep could trigger some short term weakness. In the bigger picture, the bullish trend should remain intact amid the Fed's easing cycle into a resilient economy.S&P 500 Technical Analysis – Daily TimeframeOn the daily chart, we can see that the S&P 500 is still consolidating near the all-time high. From a risk management perspective, the buyers will have a better risk to reward setup around the trendline. The sellers, on the other hand,

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