Futures are off moderately following yesterday’s reversal, the 6th session in a row that ES failed to surpass its .886 Fib retracement.

continued for members…

Note that SPX has already reached and surpassed its own .886. So, one of these signals is “wrong.”

EURUSD is still poised to backtest. CL has backtested its SMA200 and is off slightly… …while RB fell after backtesting only its SMA20. Nevertheless, the 10Y is off slightly……putting the 2s10s back at only -9 bps.

Consumer confidence comes out at 10am, while NVDA earnings are due out after the close tomorrow and PCE will be reported on Friday.

Stay tuned…