The e-mini S&P stock index futures prices have rebounded well off the October low, but remain in a downtrend on the daily bar chart. The U.S. stock indexes have held up fairly well in the face of a major geopolitical crisis playing out in the Middle East. Prices in October have even pushed higher amid continued inflation worries and a still-hawkish U.S. Federal Reserve. Indeed, it appears the stock market traders are going to exit the historically tumultuous months of September and October without too much damage. It appears stock market traders the past couple weeks are now embracing the old adage that the equities markets like to “climb a wall of worry.” Stay tuned! Jim Wyckoff