With the election fast approaching we see the tension express itself in the market with an increase in volatility. The direction of the popular vote may be known, but its hard to see the result on Wednesday as been considered final - at least as long as Trump doesn't win. The vote will tighten on Tuesday and only a blowout will prevent the legal wranglings to follow. None of this makes for comfortable reading for the market, and this uncertainty is coming to a head. The September bounce has faded, but the S&P is able to find support support at the September swing low, suggesting buyers are willing to step in to support the market. Friday's selling marked itself as confirmed distribution, so while there are buyers it may yet be sellers who take this beyond support and maybe into a test of the 200-day MA. Technicals are all net negative, including what looks to be a trend reversal in on-balance-volume after a summer of accumulation.