The ES is only 4% from its 2012 print high. It is 1.25% from the low extreme of a critical downside KRA. The US election will very likely prove to be the catalyst for a test of the highs or the break of the critical support just below. There is a KRA at 1430-1435 above the present market, but my hunch is that is more likely than not to be taken out if market participants deem the election results worthy of exuberance.
