Charts I’m Watching: Aug 21, 2024

Futures are up moderately ahead of FOMC minutes and mortgage applications.

continued for members

ES has officially rejoined its broken white channel… …while SPX has merely backtested its. So there’s more than a little short-term uncertainty.

EURUSD is sneaking up on its .886… …driving DXY still lower… …while USDJPY continues to slump. CL continues to hang on to TL support……while RB is in freefall.

No wonder that TNX is poised to close at lows not seen for over a year.