VIX came within .01 of its previous lows on Friday……leaving plenty of doubt as to the algos’ next move. Today, we should see some resolution as moving averages start to roll over.

continued for members…VIX will either make new lows or not. So far, it’s looking like “not.”

Note that SPX’s SMA10 has flattened. A down day would complete the rollover.

Note that while VX has dropped below its .886… …it has also reached the bottom of a channel dating back to early 2022. I’m switching the colors around to emphasize this falling channel – now in white. A move back above 18.25 would be a very welcome sign for equity bears.

EURUSD has backed off the purple channel top.

While USDJPY is on the bubble thanks to NKD’s tiny breakout. CL and RB haven’t done much to confirm a rollover just yet. But, the suggestion is pretty strong. Even so, the 10Y has nudged slightly higher and is back above the SMA200 at Since the 2Y remains above 4%, however, the 2s10s is still lurking in a “safe” zone.

Stay tuned…