The midterm elections may give us insights into the market's directions.
Dems get majorities in both houses - market down, stay in trading range, bias to the lower side The markets are not adverse to gridlock. This would indicate that the Muller investigations are having an impact and Trump and his policies are not long for this world. It is likely that the next presidential election will see a democrat win and a far left one at that. Again, all the Trump initiatives will be reversed - market down.
Reps maintain status quo - stay in trading range
Reps increase majority - breakout to the upside - people don't care about Muller