Futures are getting a boost from the old pre-open VIX dump this morning.

The question remains whether the various SMA200s are ready for a test.

continued for members…

The current levels:

The rip the band aid off approach would mean a sharp drop to get it over with, especially given that this morning’s economic data and bond market reaction would justify one.

VIX has a small gap to fill at 21.3. A move up to its SMA200 at 24.73 would no doubt achieve all those SMA200 backtests for the equity indices.The currency pairs are about as they were yesterday, supportive of an equity selloff but not committed to a large one.

Last, oil and gas are both getting a bounce despite a large 7.6 million barrel build.

The 10Y is falling anyways.