Add a VIX. There was a top divergence signal on the 1- and 2-hour charts. The VIX closed with a long upper wick on Friday's daily candle. In the next two weeks, the VIX should come down. There's no need to pay too much attention to macro events. The midterm elections are coming soon, and Trump will definitely compromise—this has been my view since May. Oil prices didn't bounce much after Friday's close despite the news, indicating smart money doesn't believe the conflict will flare up again. The focus should be on the earnings season in the coming weeks—that's what matters. Everything else is noise.

VIX1.72%
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