Midterm elections (starting November 3) are not presidential turnover Friday's major non-farm payrolls (impacting December rate hike expectations) This wave is just an oversold correction rebound after the big drop It's not a trend reversal, long positions cannot get complacent Wait for another bullish move before getting complacent again End determination: • Short-term resistance: $3980-3990 • Mid-term watershed: Effective hold above $4200-4220 to confirm the downtrend has ended.
