Current minor uptrend is not impulsive, it lacks motive structure and lower , weaker on right wall of Cup is characteristic.
Markets will likely move rapidly higher following election, already pricing in (D) victory over incumbent; will rise regardless of outcome IMO.
IMO one more corrective down move is imminent, needs to form a higher low, complete the C&H and close the gap at 3307.
Turn back from 3328 R zone will initiate the pattern completion and end correction; when goes oversold again, buy like Hell IMO.
As always, just an idea, not investing advice, speculate at your own risk; GLTA!
I've been looking at the same trends and set-ups unfolding for some days.
Getting inverted H&S in several underlaying indicators on most major indexes > is very bullish.
Concur with your overall analysis - which means if I'm seeing it then probably lot's of others are, which then discounts/delays it coming about lol
(My conspiracy theory idea is that MMs also see these big trend/drivers, they then slow the market right down while they enter/exit, then let it rip)
My problem is that I get trigger happy/premature on the in and out, which seriously reduces my returns.
Anyway mate, keep ya pecker up.
Really makes me wonder if we're about to get fooled big time.
Most days you don't want to be in it; trade on indicators rather than instincts!
If this plays as expected, will be a great long for November IMO.