Good morning, everyone. The big day is finally here! Just think, in a few hours, we can actually trade again. As we wait out these final few pre-Powell pauses, here’s a glance at a couple of very interesting phenomenon going on.

Looking at the /ES futures, it seems that our old trendline friend is still being respect. This broken trendline, found on both the /ES and the SPY, is acting as our first line of defense (AKA resistance). It’s not the end of the world if it does get violated (which happened on another, higher, trendline earlier this month, to no negative consequence) but it would be awfully nice if it managed to contain prices anyway, as it has done recently.