Another VIX beat-down in the final seconds of trading yesterday, interestingly right to a .786 retrace.
USDJPY corrected overnight, testing the SMA100 yet again.
And the little channel on NKD broke down, yielding a whopping 4-point decline in ES. The red channel is a regression channel. If it doesn’t hold, the .618 is just below at 14836.
ES is bumping along a gently sloping TL/neckline. The SMA10 is down around 1931, but that would mean a departure from the acceleration channel and actual downside. It is back below the white 1.618, but lately these declines have a shelf life of around 15 minutes. We’ll see…