Futures are loitering around the 50-day SMA, leaving SPX’s tag still up in the air.

continued for members…

If I had to bet, I’d be looking for another drop today for SPX to tag 4438. Of course, in a day or two, the SMA50 will have risen to recent lows. Not exactly kosher, but it’s happened many times before.EURUSD is sliding into our SMA200 target… …while USDJPY is pushing up to our 146.64 .786 Fib target. The net result is a pretty clear breakout in DXY – but right as the SMA200 arrives to potentially cut off any further gains. Gold and silver are still faltering…

…as are oil and gas.

TNX continues to push toward our 47.55 target.GLTA