Futures are off about 0.50% as the algos process a big beat (inflation aided) on retail sales and a miss on mortgage applications.

Having retaken the 200-DMA, can ES hold it until OPEX on Friday?

continued for members…I’ve cleaned up the ES chart a bit and tried to reconcile any differences between it and SPX. VIX is sneaking back above its SMA20 and is closing in on a 10/20 cross. Like yesterday, we seem to be in a holding pattern. But, today, it’s showing signs of slipping. Currencies and commodities are not helping much.

BTC is still backtesting its neckline.

Note that BTC’s RSI is stalling at the TL off the Jan 2021 highs.

UPDATE:  12:45 PM

UPDATE:  12:55 PM

I don’t really see this playing out, and there’s no equivalent chart pattern on SPX, but there’s a little IH&S on ES targeting 4631.