Futures are up moderately this morning as the Street contemplates an upbeat AMZN outlook, uncertain AAPL prospects, and Wednesday’s FOMC decision.

continued for members…

ES is approaching the falling white channel top and its first opportunity since the end of Mar to break out.

Note that VIX is sitting just above its SMA50 and 200 – an easy breakdown  Note that USDJPY reached our 159.14 target from February. This leaves DXY slightly lower but with a nice bounce that leaves it within striking range of our 107.11 target.Lower oil and gas prices are the result of renewed efforts at an Israel-Hamas cease fire and, thus, the 10Y is settling lower.