Futures are flat after stocks again failed to build on last week’s overdone rally. And, don’t look now, but SPX’s death cross finally occurred yesterday.

continued for members…

I remain concerned about the 10Y and 2s10s – which remain broken out – and VIX – which has not dropped back through support.

Note that VIX and VX remain above their March highs.

And, DXY continues to be under pressure.

CL and RB continue to inch higher… …which is helping TNX to remain broken out.

In short, stocks are at an important crossroads. They need a big rally today in order to break out into a safer zone, which would still entail plenty of risk.