It certainly will be - not only due to the election, but also for technical reasons.
Yesterday was the last trading day of the month, which presents an opportunity to study the monthly candles which have formed.
In the case of the S&P, there are two things to note:
First, October's monthly candle formed an "inside candle" (meaning that the whole candle remained within the range of September's candle). This represents indecision/equilibrium and chop. A break above or below the high or low of October's candle might present an actionable entry signal:
Secondly, a technical pattern called a "dark cloud cover" has been confirmed. This is because September's candle opened above the close of August's candle, and then dropped and closed lower than the mid-point of August's candle. This is regarded as a reversal signal in technical analysis, and it has been confirmed by October's close below September's close.
Could these be the parameters of the broadening formation on the weekly chart of the S&P? Who knows ...