Futures are moderately higher following yesterday’s failed attempt to notch higher highs.

continued for members…

The falling white channel is still susceptible to a breakout, particularly in the lead up to an FOMC decision – not to mention the usually bullish year-end gallop to the barn.

Note that the 1.272 extension of the recent pullback is right on top of the 3.618 extension of the 2020-2023 correction (though the SMA200 is sneaking up on the December 2024 highs.)

Currencies continue where they left off yesterday, with USDJPY getting a slight bounce off yesterday’s backtest. DXY is flat.