Macro Risk-Weighted Index: Pennant Break Ahead of US Election?

We've been reporting for over a month now how coincidental it that the risk-rally has stalled at the origin of the GFC supply imbalance 10y ago.

Also, how the macro pennant seen in the weekly shows a time projection of breaking around the US mid-term election. However, with the latest rally in risk, we may be just 1 day away from that milestone to happen this very week.

Also, one can notice on the upper chart how the 100-hourly MA acts as an excellent indicator to determine the times when the market enters macro risk-on mode (above the 100-hma).

The chart definitely earns its fair share of merit for one to follow and to us, it has become a great reflection of the mood in the markets.

Trade safe!