If you thought this past week was volatile, wait until next week’s CPI, PPI, retail sales, initial claims, housing permits and sales, and consumer sentiment.

Futures are off moderately after being up most of the night.

continued for members…

ES has bounced back to the support it fell through earlier in the week.

But,  SPX still has yet to backtest its own SMA200.

And, VIX has yet to drop through its SMA10.

EURUSD is essentially flat, but USDJPY is off again – suggesting that the carry trade unwind isn’t over yet.

CL is creeping higher, but RB has reversed at its SMA200 and is unlikely to go higher. The 10Y is slipping lower, but the 2s is holding its own – producing a greater inversion of the 2s10s. I suspect things will remain in a trading range for the next few days, with the real action coming with next week’s economic data.

GLTA.