Futures are slightly higher on the heels of VIX’s 7% collapse from yesterday’s highs (on a day when stocks were broadly lower.)

continued for members… Note that SPX is on the brink of breaking out of the purple sub-channel.

And, VIX is on the brink of breaking back below its SMA10 (which is still above the SMA20.) EURUSD is still settling lower, but at a snail’s pace. CL has held the little red TL. Both it and RB are still bouncing.

But, TNX is digesting yesterday’s gap above its SMA200.

The trend is still for higher rates, with the SMA200 now at 4.35. But, yesterday’s pop was very significant and perhaps a little too much for the Fed minders. Don’t be surprised if it pauses here or even fills the gap (40.54.) There are four Fed speakers today, so it would be smart to pay attention to their tone. Yellen is also slated to testify before the House Financial Services Committee.