Charts I’m Watching: Jul 25, 2018

VIX continued to play cat and mouse with its 10-day moving average, yesterday, leading to generally positive gains for stocks.Those gains have faded, however, and futures are slightly negative in the minutes leading up to the open.  Dollar weakness continues to be a headwind…

…and the yield curve continues to steepen.

With SPX falling a few points short of our upside target, we could see it take another run today.

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